PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

Baron Asset Fund (BARAX) Diversifiers

Mutual Fund · Currency in USD · Last updated Aug 4, 2026
Documentation

The fund invests for the long term primarily in equity securities in the form of common stock of U.S. mid-sized growth companies. BAMCO, Inc. ("BAMCO" or the "Adviser") defines mid-sized companies as those, at the time of purchase, with market capitalizations above $2.5 billion or the smallest market cap stock in the Russell Midcap Growth Index at reconstitution, whichever is larger, and below the largest market cap stock in the Russell Midcap Growth Index at reconstitution.

Looking to diversify beyond BARAX? The mutual funds below have historically moved differently from BARAX, 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 BARAX

0 mutual funds have low correlation with BARAX (below 0.3), 0 of which are negatively correlated. The least correlated is Needham Growth Fund Institutional Class (NEEIX) (Mid Cap Growth Equities) with a 1Y correlation of 0.42, down from 0.70 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
NEEIX
Needham Growth Fund Institutional Class0.420.580.70
56
Mid Cap Growth EquitiesBARAX vs NEEIX
NEEGX
Needham Growth Fund0.430.570.70
56
Mid Cap Growth EquitiesBARAX vs NEEGX
TAAGX
Timothy Plan Aggressive Growth Fund0.430.660.77
63
Mid Cap Growth EquitiesBARAX vs TAAGX
BRIIX
Baron Real Estate Income Fund0.440.600.67
52
REITBARAX vs BRIIX
VHCOX
Vanguard Capital Opportunity Fund Investor Shares0.480.660.77
84
Mid Cap Growth EquitiesBARAX vs VHCOX
See all 8 diversifiers for BARAX

To view more results, upgrade your current subscription plan.

Low-Correlation Stock Ideas

The table shows companies with at least $1B in market capitalization, historical correlation data for BARAX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Peabody Energy Corporation (BTU) (Energy) with a 1Y correlation of 0.09, roughly unchanged from 0.13 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
BTU
Peabody Energy Corporation0.090.110.13
63
Energy

Rows per page

1–1 of 1

Diversification Analysis

Build a portfolio that complements BARAX

Add BARAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with BARAX