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Baron Asset Fund (BARAX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jul 14, 2026

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 the lowest correlation with BARAX — 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 BARAX.

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 (NEEGX) (Mid Cap Growth Equities) with a 1Y correlation of 0.43, down from 0.70 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
NEEGX
Needham Growth Fund0.430.580.70
81
Mid Cap Growth EquitiesBARAX vs NEEGX
NEEIX
Needham Growth Fund Institutional Class0.430.580.70
82
Mid Cap Growth EquitiesBARAX vs NEEIX
TAAGX
Timothy Plan Aggressive Growth Fund0.460.680.78
82
Mid Cap Growth EquitiesBARAX vs TAAGX
CTIGX
Calamos Timpani SMID Growth Fund0.470.670.76
70
Mid Cap Growth EquitiesBARAX vs CTIGX
POAGX
PrimeCap Odyssey Aggressive Growth Fund0.480.650.76
79
Mid Cap Growth EquitiesBARAX vs POAGX
See all 13 diversifiers for BARAX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from BARAX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BARAX and solid risk/return profiles. The least correlated is Peabody Energy Corporation (BTU) (Energy) with a 1Y correlation of 0.10, roughly unchanged from 0.13 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
BTU
Peabody Energy Corporation0.100.120.13
72
Energy

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Diversification Analysis

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