Looking to diversify beyond BIAWX? The mutual funds below have the lowest correlation with BIAWX — 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 BIAWX.
Best Diversifiers for BIAWX
3 mutual funds have low correlation with BIAWX (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 0.07, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Brown Advisory Tax Exempt Bond Fund | 0.07 | 0.08 | 0.10 | 75 | Municipal Bonds | BIAWX vs BIAEX | |
| Brown Advisory Tax-Exempt Sustainable Bond Fund | 0.10 | 0.09 | 0.09 | 70 | Municipal Bonds | BIAWX vs BITEX | |
| Brown Advisory Maryland Bond Fund | 0.13 | 0.12 | 0.13 | 71 | Municipal Bonds | BIAWX vs BIAMX | |
| Emerald Insights Fund | 0.33 | 0.75 | 0.82 | 99 | Large Cap Growth Equities | BIAWX vs EFCNX | |
| American Funds American High-Inc F2 | 0.52 | 0.45 | 0.48 | 85 | High Yield Bonds | BIAWX vs AHIFX |
See all 35 diversifiers for BIAWX
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