Looking to diversify beyond BIAMX? The mutual funds below have historically moved differently from BIAMX, 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 BIAMX
11 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 0.20, down from 0.34 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.20 | 0.25 | 0.34 | 100 | Municipal Bonds | BIAMX vs DFSMX | |
| Brown Advisory Small-Cap Fundamental Value Fund | 0.23 | 0.14 | 0.11 | 81 | Small Cap Blend Equities | BIAMX vs BIAUX | |
| Brown Advisory - Beutel Goodman Large-Cap Value Fu... | 0.24 | 0.18 | 0.14 | 63 | Large Cap Value Equities | BIAMX vs BVALX | |
| DFA NY Municipal Bond Portfolio | 0.24 | 0.32 | 0.40 | 99 | Municipal Bonds | BIAMX vs DNYMX | |
| abrdn Ultra Short Municipal Income Fund | 0.26 | 0.29 | 0.28 | 100 | Municipal Bonds | BIAMX vs ATOIX |
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