PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

Brown Advisory - WMC Strategic European Equity Fund (BIAHX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 4, 2026

The investment seeks to achieve total return by investing principally in equity securities issued by companies established or operating in Europe. Under normal conditions, the fund seeks to achieve its investment objective by investing at least 80% of the value of its net assets (plus any borrowings for investment purposes) in equity securities of companies which are domiciled in or exercise the predominant part of their economic activity in Europe - defined as countries included in the MSCI Europe Index.

Looking to diversify beyond BIAHX? The mutual funds below have the lowest correlation with BIAHX — 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 BIAHX.

Best Diversifiers for BIAHX

2 mutual funds have low correlation with BIAHX (below 0.3), 0 of which are negatively correlated. The least correlated is Brown Advisory Tax-Exempt Sustainable Bond Fund (BITEX) (Municipal Bonds) with a 1Y correlation of 0.30, up from 0.13 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
BITEX
Brown Advisory Tax-Exempt Sustainable Bond Fund0.300.180.13
70
Municipal BondsBIAHX vs BITEX
BIAEX
Brown Advisory Tax Exempt Bond Fund0.300.190.14
75
Municipal BondsBIAHX vs BIAEX
BIAMX
Brown Advisory Maryland Bond Fund0.300.190.15
71
Municipal BondsBIAHX vs BIAMX
DEMIX
Delaware Emerging Markets Fund0.390.440.52
98
Emerging Markets DiversifiedBIAHX vs DEMIX
STK
Columbia Seligman Premium Technology Growth Closed...0.420.420.52
98
Technology EquitiesBIAHX vs STK
See all 14 diversifiers for BIAHX

To view more results, upgrade your current subscription plan.

Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from BIAHX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BIAHX and solid risk/return profiles. The least correlated is Insmed Incorporated (INSM) (Healthcare) with a 1Y correlation of 0.15, down from 0.26 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
INSM
Insmed Incorporated0.150.190.26
62
Healthcare
CLS
Celestica Inc.0.280.290.40
94
Technology
AU
AngloGold Ashanti Limited0.440.370.33
81
Basic Materials

Rows per page

1–3 of 3

Diversification Analysis

Build a portfolio that complements BIAHX

Add BIAHX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with BIAHX