Looking to diversify beyond BIMSX? The mutual funds below have the lowest correlation with BIMSX — 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 BIMSX.
Best Diversifiers for BIMSX
3 mutual funds have low correlation with BIMSX (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 0.16, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Baird Ultra Short Bond Fund Institutional Class | 0.16 | 0.28 | 0.30 | 100 | Ultrashort Bond | BIMSX vs BUBIX | |
| DFA U.S. Large Company Portfolio | 0.28 | 0.17 | 0.12 | 69 | Large Cap Blend Equities | BIMSX vs DFUSX | |
| Fidelity ZERO Total Market Index Fund | 0.28 | 0.19 | 0.13 | 66 | Large Cap Blend Equities | BIMSX vs FZROX | |
| Baird Ultra Short Bond Fund | 0.30 | 0.28 | 0.35 | 100 | Ultrashort Bond | BIMSX vs BUBSX | |
| Baird Short-Term Municipal Bond Fund | 0.38 | 0.48 | 0.45 | 87 | Municipal Bonds | BIMSX vs BTMSX |
See all 15 diversifiers for BIMSX
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