Looking to diversify beyond BSGSX? The mutual funds below have historically moved differently from BSGSX, 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 BSGSX
3 mutual funds have low correlation with BSGSX (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 0.05, roughly unchanged from 0.07 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 | 0.05 | 0.09 | 0.07 | 99 | Ultrashort Bond | BSGSX vs BUBIX | |
| Baird Ultra Short Bond Fund | 0.16 | 0.09 | 0.05 | 100 | Ultrashort Bond | BSGSX vs BUBSX | |
| Baird Strategic Municipal Bond Fund | 0.19 | 0.15 | 0.15 | 88 | Municipal Bonds | BSGSX vs BSNSX | |
| Baird Short-Term Bond Fund Institutional Class | 0.30 | 0.17 | 0.15 | 95 | Short-Term Bond | BSGSX vs BSBIX | |
| Needham Growth Fund Institutional Class | 0.73 | 0.76 | 0.82 | 53 | Mid Cap Growth Equities | BSGSX vs NEEIX |
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