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Baron Asset Fund Institutional Class (BARIX) Diversifiers

Mutual Fund · Currency in USD · Last updated Aug 1, 2026
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The Baron Asset Fund (BARIX) primarily focuses on investing in mid-sized companies located in the United States that have already established themselves and show potential for long-term growth. The fund diversifies its portfolio by investing in these mid-sized companies' equity securities, such as common stock. BAMCO, the fund's adviser, considers mid-sized companies to be those with market capitalizations above $2.5 billion or the smallest market cap stock in the Russell Midcap Growth Index at the time of investment, whichever is larger but smaller than the largest market cap stock in the Russell Midcap Growth Index.

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

4 mutual funds have low correlation with BARIX (below 0.3), 1 of which are negatively correlated. The least correlated is Vanguard Market Neutral Fund Investor Shares (VMNFX) (Long-Short) with a 1Y correlation of -0.19, roughly unchanged from -0.14 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
VMNFX
Vanguard Market Neutral Fund Investor Shares-0.19-0.10-0.14
97
Long-ShortBARIX vs VMNFX
FFRHX
Fidelity Floating Rate High Income Fund0.130.230.28
95
Bank LoanBARIX vs FFRHX
BDMIX
BlackRock Global Equity Market Neutral Fund Class ...0.180.150.09
97
Equity Market NeutralBARIX vs BDMIX
FSELX
Fidelity Select Semiconductors Portfolio0.250.440.60
80
Semiconductors, Technology EquitiesBARIX vs FSELX
FOCPX
Fidelity OTC Portfolio0.380.530.70
76
Large Cap Growth EquitiesBARIX vs FOCPX
See all 24 diversifiers for BARIX

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Low-Correlation Stock Ideas

The table shows companies with at least $1B in market capitalization, historical correlation data for BARIX, 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 Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.23, down from 0.48 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
BRK-B
Berkshire Hathaway Inc.0.230.410.48
61
Financial Services

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Diversification Analysis

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