Looking to diversify beyond BRGNX? The mutual funds below have historically moved differently from BRGNX, 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 BRGNX
0 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 0.35, up from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Strategic Volatility Premium Fund | 0.36 | 0.16 | 0.14 | 97 | Large Cap Blend Equities | BRGNX vs SVPFX | |
| BlackRock Global Equity Market Neutral Fund Invest... | 0.42 | 0.24 | 0.14 | 97 | Equity Market Neutral | BRGNX vs BDMAX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.42 | 0.23 | 0.14 | 97 | Equity Market Neutral | BRGNX vs BDMIX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.43 | 0.32 | 0.15 | 66 | Systematic Trend | BRGNX vs ASFYX | |
| BlackRock Strategic Income Opportunities Fund Clas... | 0.52 | 0.34 | 0.33 | 64 | Total Bond Market | BRGNX vs BSIIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BRGNX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Johnson & Johnson (JNJ) (Healthcare) with a 1Y correlation of -0.12, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Johnson & Johnson | -0.12 | 0.02 | 0.16 | 97 | Healthcare |
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