Looking to diversify beyond BPGLX? The mutual funds below have the lowest correlation with BPGLX — 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 BPGLX.
Best Diversifiers for BPGLX
1 mutual funds have low correlation with BPGLX (below 0.3), 0 of which are negatively correlated. The least correlated is LoCorr Macro Strategies Fund Class I (LFMIX) (Global Allocation) with a 1Y correlation of 0.23, up from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| LoCorr Macro Strategies Fund Class I | 0.23 | 0.11 | -0.02 | 86 | Global Allocation | BPGLX vs LFMIX | |
| PACE Municipal Fixed Income Investments | 0.36 | 0.32 | 0.26 | 73 | Municipal Bonds | BPGLX vs PCMNX | |
| Lazard Real Assets Portfolio | 0.39 | 0.56 | 0.65 | 63 | Global Allocation | BPGLX vs RALIX | |
| Hartford Real Asset Fund | 0.40 | 0.54 | 0.65 | 88 | Global Allocation | BPGLX vs HRLYX | |
| Allspring Absolute Return Fund | 0.45 | 0.64 | 0.62 | 92 | Global Allocation | BPGLX vs WARAX |
See all 28 diversifiers for BPGLX
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