Looking to diversify beyond BIAYX? The mutual funds below have the lowest correlation with BIAYX — 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 BIAYX.
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 Bond Fund (BIAEX) (Municipal Bonds) with a 1Y correlation of 0.19, roughly unchanged from 0.14 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Brown Advisory Tax Exempt Bond Fund | 0.19 | 0.14 | — | 74 | Municipal Bonds | BIAYX vs BIAEX | |
| Brown Advisory Tax-Exempt Sustainable Bond Fund | 0.20 | 0.15 | — | 71 | Municipal Bonds | BIAYX vs BITEX | |
| Auer Growth Fund | 0.70 | 0.74 | — | 83 | Small Cap Blend Equities | BIAYX vs AUERX | |
| Hodges Small Cap Fund | 0.81 | 0.86 | — | 80 | Small Cap Blend Equities | BIAYX vs HDPSX | |
| Voya Index Plus SmallCap Portfolio | 0.83 | 0.86 | — | 86 | Small Cap Blend Equities | BIAYX vs IPSIX |
See all 24 diversifiers for BIAYX
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