Looking to diversify beyond BIAEX? The mutual funds below have historically moved differently from BIAEX, 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 BIAEX
14 mutual funds have low correlation with BIAEX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.00, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.00 | 0.14 | 0.21 | 89 | Municipal Bonds | BIAEX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.04 | 0.20 | 0.23 | 92 | Municipal Bonds | BIAEX vs DMREX | |
| JPMorgan Ultra-Short Municipal Fund | 0.17 | 0.33 | 0.38 | 98 | Municipal Bonds | BIAEX vs USMSX | |
| Brown Advisory Emerging Markets Select Fund | 0.19 | 0.10 | 0.12 | 63 | Emerging Markets Equities | BIAEX vs BIAQX | |
| DFA NY Municipal Bond Portfolio | 0.22 | 0.29 | 0.39 | 99 | Municipal Bonds | BIAEX vs DNYMX |
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