Looking to diversify beyond BAFWX? The mutual funds below have historically moved differently from BAFWX, 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 BAFWX
3 mutual funds have low correlation with BAFWX (below 0.3), 0 of which are negatively correlated. The least correlated is Brown Advisory Tax Exempt Bond Fund (BIAEX) (Municipal Bonds) with a 1Y correlation of 0.14, roughly unchanged from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Brown Advisory Tax Exempt Bond Fund | 0.14 | 0.09 | 0.11 | 73 | Municipal Bonds | BAFWX vs BIAEX | |
| Brown Advisory Maryland Bond Fund | 0.18 | 0.13 | 0.14 | 70 | Municipal Bonds | BAFWX vs BIAMX | |
| Brown Advisory Tax-Exempt Sustainable Bond Fund | 0.19 | 0.10 | 0.11 | 74 | Municipal Bonds | BAFWX vs BITEX | |
| American Growth Fund Series One | 0.53 | 0.70 | 0.78 | 56 | Large Cap Growth Equities | BAFWX vs AMRGX | |
| Brown Advisory - Beutel Goodman Large-Cap Value Fu... | 0.54 | 0.58 | 0.65 | 63 | Large Cap Value Equities | BAFWX vs BVALX |
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