Looking to diversify beyond BPGIX? The mutual funds below have historically moved differently from BPGIX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for BPGIX
0 mutual funds have low correlation with BPGIX (below 0.3), 0 of which are negatively correlated. The least correlated is Catalyst/Millburn Hedge Strategy Fund Class I (MBXIX) (Multistrategy) with a 1Y correlation of 0.36, roughly unchanged from 0.34 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Catalyst/Millburn Hedge Strategy Fund Class I | 0.36 | 0.27 | 0.34 | 90 | Multistrategy, Systematic Trend, Global Equities | BPGIX vs MBXIX | |
| GQG Partners Global Quality Dividend Income Fund | 0.42 | 0.65 | 0.75 | 70 | Quality Factor, Global Equities | BPGIX vs GQFPX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.47 | 0.57 | 0.64 | 79 | Infrastructure Equities, Global Equities | BPGIX vs CSUAX | |
| Nuveen Global Infrastructure Fund Class A | 0.50 | 0.61 | 0.71 | 66 | Infrastructure Equities, Global Equities | BPGIX vs FGIAX | |
| Oberweis Global Opportunities Fund | 0.54 | 0.64 | 0.71 | 54 | Global Equities | BPGIX vs OBEGX |
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