Looking to diversify beyond BIALX? The mutual funds below have the lowest correlation with BIALX — 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 BIALX.
Best Diversifiers for BIALX
2 mutual funds have low correlation with BIALX (below 0.3), 0 of which are negatively correlated. The least correlated is Brown Advisory Tax Exempt Bond Fund (BIAEX) (Municipal Bonds) with a 1Y correlation of 0.23, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Brown Advisory Tax Exempt Bond Fund | 0.23 | 0.15 | 0.13 | 74 | Municipal Bonds | BIALX vs BIAEX | |
| Brown Advisory Tax-Exempt Sustainable Bond Fund | 0.25 | 0.16 | 0.12 | 71 | Municipal Bonds | BIALX vs BITEX | |
| Russell Investment Tax-Managed Real Assets Fund | 0.45 | 0.57 | 0.65 | 76 | Global Equities | BIALX vs RTXAX | |
| GMO Climate Change Fund | 0.48 | 0.57 | 0.64 | 87 | Global Equities | BIALX vs GCCHX | |
| Polaris Global Value Fund | 0.50 | 0.62 | 0.69 | 92 | Global Equities | BIALX vs PGVFX |
See all 23 diversifiers for BIALX
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