Looking to diversify beyond BMNSX? The mutual funds below have the lowest correlation with BMNSX — 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 BMNSX.
Best Diversifiers for BMNSX
14 mutual funds have low correlation with BMNSX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Conservative Municipal Microshort Fund (FHMIX) (Municipal Bonds) with a 1Y correlation of 0.08, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Conservative Municipal Microshort... | 0.08 | 0.13 | 0.10 | 99 | Municipal Bonds | BMNSX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.14 | 0.13 | 0.12 | 99 | Municipal Bonds | BMNSX vs TFCYX | |
| Baird Ultra Short Bond Fund | 0.15 | 0.17 | 0.23 | 100 | Ultrashort Bond | BMNSX vs BUBSX | |
| abrdn Ultra Short Municipal Income Fund | 0.16 | 0.13 | 0.14 | 99 | Municipal Bonds | BMNSX vs ATOIX | |
| DFA Short Term Municipal Bond Portfolio | 0.17 | 0.27 | 0.38 | 99 | Municipal Bonds | BMNSX vs DFSMX |
See all 25 diversifiers for BMNSX
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