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Baird Intermediate Bond Fund Class Institutional (BIMIX) Diversifiers

Mutual Fund · Currency in USD · Last updated Aug 5, 2026
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The Baird Intermediate Bond Fund (BIMIX) aims to achieve an annual total return greater than the Bloomberg Barclays Intermediate U.S. Government/Credit Bond Index after accounting for expenses. The fund typically invests at least 80% of its net assets in U.S. dollar-denominated debt obligations, including U.S. government and public-sector agency debt, asset-backed and mortgage-backed obligations issued by U.S. and foreign entities, and corporate debt issued by U.S. and foreign entities.

Looking to diversify beyond BIMIX? The mutual funds below have historically moved differently from BIMIX, 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 BIMIX

2 mutual funds have low correlation with BIMIX (below 0.3), 0 of which are negatively correlated. The least correlated is Baird Ultra Short Bond Fund Institutional Class (BUBIX) (Ultrashort Bond) with a 1Y correlation of 0.19, down from 0.31 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
BUBIX
Baird Ultra Short Bond Fund Institutional Class0.190.280.31
99
Ultrashort BondBIMIX vs BUBIX
BUBSX
Baird Ultra Short Bond Fund0.250.280.34
100
Ultrashort BondBIMIX vs BUBSX
BTMSX
Baird Short-Term Municipal Bond Fund0.420.480.44
75
Municipal BondsBIMIX vs BTMSX
BSNSX
Baird Strategic Municipal Bond Fund0.430.560.54
80
Municipal BondsBIMIX vs BSNSX
BMNSX
Baird Core Intermediate Municipal Bond Fund0.450.560.50
70
Municipal BondsBIMIX vs BMNSX
See all 14 diversifiers for BIMIX

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Low-Correlation Stock Ideas

The table shows companies with at least $1B in market capitalization, historical correlation data for BIMIX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Cloudflare, Inc. (NET) (Technology) with a 1Y correlation of 0.07, roughly unchanged from 0.12 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
NET
Cloudflare, Inc.0.070.070.12
67
Technology

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