Looking to diversify beyond BPGLX? The mutual funds below have historically moved differently from BPGLX, 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 BPGLX
2 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 -0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| LoCorr Macro Strategies Fund Class I | 0.23 | 0.12 | -0.03 | 83 | Global Allocation | BPGLX vs LFMIX | |
| Wilmington Real Asset Fund | 0.27 | 0.50 | 0.58 | 92 | Global Allocation | BPGLX vs WMRIX | |
| MH Elite Select Portfolio of Funds Fund | 0.35 | 0.39 | 0.63 | 75 | Global Allocation | BPGLX vs MHESX | |
| Lazard Real Assets Portfolio | 0.36 | 0.54 | 0.63 | 90 | Global Allocation | BPGLX vs RALIX | |
| Hartford Real Asset Fund | 0.37 | 0.52 | 0.64 | 97 | Global Allocation | BPGLX vs HRLYX |
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