Looking to diversify beyond BIAYX? The mutual funds below have historically moved differently from BIAYX, 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 BIAYX
2 mutual funds have low correlation with BIAYX (below 0.3), 0 of which are negatively correlated. The least correlated is Brown Advisory Tax-Exempt Sustainable Bond Fund (BITEX) (Municipal Bonds) with a 1Y correlation of 0.26, roughly unchanged from 0.16 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Brown Advisory Tax-Exempt Sustainable Bond Fund | 0.26 | 0.16 | — | 74 | Municipal Bonds | BIAYX vs BITEX | |
| Brown Advisory Tax Exempt Bond Fund | 0.28 | 0.15 | — | 73 | Municipal Bonds | BIAYX vs BIAEX | |
| DFA International Small Company Portfolio | 0.64 | 0.65 | — | 60 | Foreign Small & Mid Cap Equities, Small Cap Blend Equities | BIAYX vs DFISX | |
| Auer Growth Fund | 0.66 | 0.72 | — | 91 | Small Cap Blend Equities | BIAYX vs AUERX | |
| Hennessy Cornerstone Growth Fund | 0.66 | 0.79 | — | 53 | Small Cap Blend Equities | BIAYX vs HFCGX |
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