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 Baron Emerging Markets Fund (BEXIX) (Emerging Markets Diversified) with a 1Y correlation of 0.37, down from 0.53 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Baron Emerging Markets Fund | 0.37 | 0.46 | 0.53 | 58 | Emerging Markets Diversified | BARAX vs BEXIX | |
| Essex Environmental Opportunities Fund | 0.44 | 0.62 | 0.71 | 79 | Mid Cap Growth Equities | BARAX vs EEOFX | |
| Needham Growth Fund Institutional Class | 0.48 | 0.61 | 0.72 | 93 | Mid Cap Growth Equities | BARAX vs NEEIX | |
| Needham Growth Fund | 0.49 | 0.61 | 0.72 | 93 | Mid Cap Growth Equities | BARAX vs NEEGX | |
| Invesco Discovery Mid Cap Growth Fund Class A | 0.50 | 0.72 | 0.83 | 54 | Mid Cap Growth Equities | BARAX vs OEGAX |
See all 13 diversifiers for BARAX
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