Looking to diversify beyond BAGSX? The mutual funds below have the lowest correlation with BAGSX — 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 BAGSX.
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 0.13, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Baird Ultra Short Bond Fund Institutional Class | 0.13 | 0.24 | 0.26 | 100 | Ultrashort Bond | BAGSX vs BUBIX | |
| Baird Ultra Short Bond Fund | 0.29 | 0.25 | 0.30 | 100 | Ultrashort Bond | BAGSX vs BUBSX | |
| Baird Short-Term Municipal Bond Fund | 0.39 | 0.50 | 0.46 | 87 | Municipal Bonds | BAGSX vs BTMSX | |
| Fidelity ZERO International Index Fund | 0.43 | 0.32 | 0.22 | 65 | Foreign Large Cap Equities | BAGSX vs FZILX | |
| Baird Strategic Municipal Bond Fund | 0.44 | 0.60 | 0.56 | 86 | Municipal Bonds | BAGSX vs BSNSX |
See all 14 diversifiers for BAGSX
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