Looking to diversify beyond BIMSX? The mutual funds below have historically moved differently from BIMSX, 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 BIMSX
4 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 0.18, down from 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Baird Ultra Short Bond Fund Institutional Class | 0.18 | 0.28 | 0.30 | 99 | Ultrashort Bond | BIMSX vs BUBIX | |
| DFA U.S. Large Company Portfolio | 0.28 | 0.17 | 0.13 | 65 | Large Cap Blend Equities | BIMSX vs DFUSX | |
| Fidelity ZERO Total Market Index Fund | 0.28 | 0.19 | 0.14 | 64 | Large Cap Blend Equities | BIMSX vs FZROX | |
| Baird Ultra Short Bond Fund | 0.29 | 0.28 | 0.36 | 100 | Ultrashort Bond | BIMSX vs BUBSX | |
| Baird Short-Term Municipal Bond Fund | 0.42 | 0.49 | 0.45 | 85 | Municipal Bonds | BIMSX vs BTMSX |
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