Looking to diversify beyond BAGSX? The mutual funds below have historically moved differently from BAGSX, 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 BAGSX
2 mutual funds have low correlation with BAGSX (below 0.3), 0 of which are negatively correlated. The least correlated is Baird Ultra Short Bond Fund Institutional Class (BUBIX) (Ultrashort Bond) with a 1Y correlation of 0.14, down from 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Baird Ultra Short Bond Fund Institutional Class | 0.14 | 0.24 | 0.27 | 99 | Ultrashort Bond | BAGSX vs BUBIX | |
| Baird Ultra Short Bond Fund | 0.27 | 0.25 | 0.31 | 100 | Ultrashort Bond | BAGSX vs BUBSX | |
| Baird Short-Term Municipal Bond Fund | 0.42 | 0.51 | 0.46 | 85 | Municipal Bonds | BAGSX vs BTMSX | |
| Fidelity ZERO International Index Fund | 0.44 | 0.31 | 0.23 | 76 | Foreign Large Cap Equities | BAGSX vs FZILX | |
| Baird Strategic Municipal Bond Fund | 0.49 | 0.60 | 0.56 | 88 | Municipal Bonds | BAGSX vs BSNSX |
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