Looking to diversify beyond BGY? The mutual funds below have the lowest correlation with BGY — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from BGY.
Best Diversifiers for BGY
1 mutual funds have low correlation with BGY (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Long/Short Equity Fund Class I (BDMIX) (Long-Short) with a 1Y correlation of 0.14, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 0.14 | 0.11 | 0.08 | 92 | Long-Short | BGY vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.32 | 0.21 | 0.09 | 67 | Systematic Trend | BGY vs ASFYX | |
| WisdomTree Equity Premium Income Fund | 0.46 | 0.52 | 0.57 | 55 | Derivative Income, S&P 500 | BGY vs PUTW | |
| The Covered Bridge Fund | 0.46 | 0.46 | 0.56 | 82 | Derivative Income | BGY vs TCBIX | |
| BlackRock Enhanced Large Cap Core Fund | 0.49 | 0.52 | 0.61 | 85 | Derivative Income | BGY vs CII |
See all 15 diversifiers for BGY
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