Looking to diversify beyond BIAMX? The mutual funds below have the lowest correlation with BIAMX — 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 BIAMX.
Best Diversifiers for BIAMX
8 mutual funds have low correlation with BIAMX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Short Term Municipal Bond Portfolio (DFSMX) (Municipal Bonds) with a 1Y correlation of 0.15, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.15 | 0.24 | 0.34 | 99 | Municipal Bonds | BIAMX vs DFSMX | |
| DFA NY Municipal Bond Portfolio | 0.20 | 0.31 | 0.40 | 99 | Municipal Bonds | BIAMX vs DNYMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.23 | 0.33 | 0.39 | 99 | Municipal Bonds | BIAMX vs USMSX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.24 | 0.28 | — | 100 | Municipal Bonds | BIAMX vs DFABX | |
| Federated Hermes Conservative Municipal Microshort... | 0.26 | 0.22 | 0.16 | 99 | Municipal Bonds | BIAMX vs FHMIX |
See all 21 diversifiers for BIAMX
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