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iShares Russell 1000 Large-Cap Index Fund (BRGNX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 4, 2026

The investment seeks to match the performance of the Russell 1000 Index, as closely as possible before the deduction of fund expenses. The fund is a "feeder" fund that invests all of its assets in the master portfolio, which has the same investment objective and strategies as the fund. It will be substantially invested in equity securities in the Russell 1000, and will invest, under normal circumstances, at least 80% of its net assets in securities or other financial instruments that are components of or have economic characteristics similar to the securities included in the Russell 1000.

Looking to diversify beyond BRGNX? The mutual funds below have the lowest correlation with BRGNX — 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 BRGNX.

Best Diversifiers for BRGNX

1 mutual funds have low correlation with BRGNX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs Strategic Volatility Premium Fund (SVPFX) (Large Cap Blend Equities) with a 1Y correlation of 0.27, up from 0.12 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
SVPFX
Goldman Sachs Strategic Volatility Premium Fund0.270.130.12
73
Large Cap Blend EquitiesBRGNX vs SVPFX
BDMIX
BlackRock Global Long/Short Equity Fund Class I0.320.210.12
92
Long-ShortBRGNX vs BDMIX
ASFYX
AlphaSimplex Managed Futures Strategy Fund Class Y0.440.320.16
67
Systematic TrendBRGNX vs ASFYX
ORDNX
North Square Preferred and Income Securities Fund0.490.340.42
72
Large Cap Blend EquitiesBRGNX vs ORDNX
SGOIX
First Eagle Overseas Fund Class I0.630.610.66
57
Large Cap Blend Equities, Foreign Large Cap EquitiesBRGNX vs SGOIX
See all 50 diversifiers for BRGNX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from BRGNX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BRGNX and solid risk/return profiles. The least correlated is Johnson & Johnson (JNJ) (Healthcare) with a 1Y correlation of 0.01, down from 0.19 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
JNJ
Johnson & Johnson0.010.060.19
92
Healthcare

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