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
16 mutual funds have low correlation with BMQSX (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 0.05, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Conservative Municipal Microshort... | 0.05 | 0.12 | 0.09 | 99 | Municipal Bonds | BMQSX vs FHMIX | |
| Nationwide Amundi Strategic Income Fund | 0.07 | 0.21 | 0.17 | 99 | Multisector Bonds | BMQSX vs NWXHX | |
| Baird Ultra Short Bond Fund Institutional Class | 0.09 | 0.18 | 0.20 | 99 | Ultrashort Bond | BMQSX vs BUBIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.11 | 0.13 | 0.12 | 99 | Municipal Bonds | BMQSX vs TFCYX | |
| Baird Ultra Short Bond Fund | 0.12 | 0.15 | 0.22 | 100 | Ultrashort Bond | BMQSX vs BUBSX |
See all 33 diversifiers for BMQSX
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