Looking to diversify beyond BAFWX? The mutual funds below have the lowest correlation with BAFWX — 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 BAFWX.
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 0.11, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Brown Advisory Tax Exempt Bond Fund | 0.11 | 0.09 | 0.10 | 74 | Municipal Bonds | BAFWX vs BIAEX | |
| Brown Advisory Tax-Exempt Sustainable Bond Fund | 0.12 | 0.09 | 0.10 | 71 | Municipal Bonds | BAFWX vs BITEX | |
| Brown Advisory Maryland Bond Fund | 0.16 | 0.12 | 0.13 | 73 | Municipal Bonds | BAFWX vs BIAMX | |
| Brown Advisory Small-Cap Fundamental Value Fund | 0.56 | 0.57 | 0.62 | 60 | Small Cap Blend Equities | BAFWX vs BIAUX | |
| Brown Advisory Emerging Markets Select Fund | 0.57 | 0.57 | 0.58 | 77 | Emerging Markets Diversified | BAFWX vs BIAQX |
See all 32 diversifiers for BAFWX
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