Looking to diversify beyond BIAFX? The mutual funds below have historically moved differently from BIAFX, 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 BIAFX
5 mutual funds have low correlation with BIAFX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Short-Term Inflation-Protected Securities Index Fund Admiral Shares (VTAPX) (Inflation-Protected Bonds) with a 1Y correlation of 0.07, roughly unchanged from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Inflation-Protected Securities... | 0.07 | 0.07 | 0.13 | 91 | Inflation-Protected Bonds | BIAFX vs VTAPX | |
| Brown Advisory Tax Exempt Bond Fund | 0.20 | 0.12 | 0.10 | 73 | Municipal Bonds | BIAFX vs BIAEX | |
| T. Rowe Price Ultra Short-Term Bond Fund | 0.20 | 0.06 | 0.09 | 98 | Ultrashort Bond | BIAFX vs TRBUX | |
| Brown Advisory Tax-Exempt Sustainable Bond Fund | 0.22 | 0.13 | 0.10 | 74 | Municipal Bonds | BIAFX vs BITEX | |
| Brown Advisory Maryland Bond Fund | 0.24 | 0.15 | 0.13 | 70 | Municipal Bonds | BIAFX vs BIAMX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BIAFX, 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 Sysco Corporation (SYY) (Consumer Defensive) with a 1Y correlation of 0.17, down from 0.39 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Sysco Corporation | 0.17 | 0.25 | 0.39 | 55 | Consumer Defensive |
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