Looking to diversify beyond BAIAX? The mutual funds below have the lowest correlation with BAIAX — 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 BAIAX.
Best Diversifiers for BAIAX
2 mutual funds have low correlation with BAIAX (below 0.3), 0 of which are negatively correlated. The least correlated is Leader Short Term High Yield Bond Fund (LCCMX) (Short-Term Bond) with a 1Y correlation of 0.00, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leader Short Term High Yield Bond Fund | 0.00 | 0.06 | 0.14 | 74 | Short-Term Bond | BAIAX vs LCCMX | |
| DFA Short-Duration Real Return Portfolio | 0.25 | 0.25 | 0.36 | 99 | Short-Term Bond | BAIAX vs DFAIX | |
| GuidepathConservative Income Fund | 0.32 | 0.39 | 0.43 | 99 | Short-Term Bond | BAIAX vs GPICX | |
| Holbrook Income Fund | 0.35 | 0.34 | 0.38 | 96 | Short-Term Bond | BAIAX vs HOBEX | |
| GuidePath Absolute Return Allocation Fund | 0.35 | 0.72 | 0.74 | 74 | Short-Term Bond | BAIAX vs GPARX |
See all 15 diversifiers for BAIAX
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