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Baird Short-Term Bond Fund Institutional Class (BSBIX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 4, 2026

The Baird Short-Term Bond Fund (BSBIX) aims to achieve a total return, before expenses, higher than the annual return of the Bloomberg Barclays 1-3 Year U.S. Government/Credit Bond Index. The fund primarily invests at least 80% of its assets in U.S. dollar-denominated debt obligations, including U.S. government debt, asset-backed and mortgage-backed securities from U.S. and foreign issuers, and corporate debt from U.S. and foreign issuers. In addition, the fund only invests in debt securities rated as investment-grade by at least one major rating agency or, if unrated, deemed investment-grade by the advisor.

Looking to diversify beyond BSBIX? The mutual funds below have the lowest correlation with BSBIX — 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 BSBIX.

Best Diversifiers for BSBIX

6 mutual funds have low correlation with BSBIX (below 0.3), 0 of which are negatively correlated. The least correlated is Leader Short Term High Yield Bond Fund (LCCMX) (Short-Term Bond) with a 1Y correlation of 0.00, down from 0.16 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
LCCMX
Leader Short Term High Yield Bond Fund0.000.050.16
75
Short-Term BondBSBIX vs LCCMX
DFCFX
DFA Two-Year Fixed Income Portfolio0.050.080.44
66
Short-Term BondBSBIX vs DFCFX
BUBIX
Baird Ultra Short Bond Fund Institutional Class0.110.300.32
100
Ultrashort BondBSBIX vs BUBIX
GPARX
GuidePath Absolute Return Allocation Fund0.210.540.60
74
Short-Term BondBSBIX vs GPARX
DFAIX
DFA Short-Duration Real Return Portfolio0.250.290.39
99
Short-Term BondBSBIX vs DFAIX
See all 29 diversifiers for BSBIX

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