Looking to diversify beyond BIALX? The mutual funds below have historically moved differently from BIALX, 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 BIALX
4 mutual funds have low correlation with BIALX (below 0.3), 0 of which are negatively correlated. The least correlated is GQG Partners Global Quality Dividend Income Fund (GQFPX) (Quality Factor) with a 1Y correlation of 0.13, down from 0.57 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners Global Quality Dividend Income Fund | 0.13 | 0.47 | 0.57 | 70 | Quality Factor, Global Equities | BIALX vs GQFPX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.22 | 0.37 | 0.51 | 79 | Infrastructure Equities, Global Equities | BIALX vs CSUAX | |
| Brown Advisory Tax Exempt Bond Fund | 0.28 | 0.16 | 0.14 | 73 | Municipal Bonds | BIALX vs BIAEX | |
| Catalyst/Millburn Hedge Strategy Fund Class I | 0.28 | 0.31 | 0.35 | 90 | Multistrategy, Systematic Trend, Global Equities | BIALX vs MBXIX | |
| Brown Advisory Tax-Exempt Sustainable Bond Fund | 0.30 | 0.17 | 0.14 | 74 | Municipal Bonds | BIALX vs BITEX |
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