Looking to diversify beyond BMQSX? The mutual funds below have the lowest correlation with BMQSX — 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 BMQSX.
Best Diversifiers for BMQSX
15 mutual funds have low correlation with BMQSX (below 0.3), 0 of which are negatively correlated. The least correlated is Nationwide Amundi Strategic Income Fund (NWXHX) (Multisector Bonds) with a 1Y correlation of 0.06, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | 0.06 | 0.21 | 0.16 | 99 | Multisector Bonds | BMQSX vs NWXHX | |
| Baird Ultra Short Bond Fund Institutional Class | 0.07 | 0.18 | 0.20 | 100 | Ultrashort Bond | BMQSX vs BUBIX | |
| Federated Hermes Conservative Municipal Microshort... | 0.07 | 0.12 | 0.10 | 99 | Municipal Bonds | BMQSX vs FHMIX | |
| Baird Ultra Short Bond Fund | 0.12 | 0.15 | 0.21 | 100 | Ultrashort Bond | BMQSX vs BUBSX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.14 | 0.13 | 0.12 | 99 | Municipal Bonds | BMQSX vs TFCYX |
See all 31 diversifiers for BMQSX
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