Looking to diversify beyond BSGSX? The mutual funds below have the lowest correlation with BSGSX — 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 BSGSX.
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 Strategic Municipal Bond Fund (BSNSX) (Municipal Bonds) with a 1Y correlation of 0.15, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Baird Strategic Municipal Bond Fund | 0.15 | 0.14 | 0.15 | 86 | Municipal Bonds | BSGSX vs BSNSX | |
| Baird Ultra Short Bond Fund | 0.17 | 0.08 | 0.05 | 100 | Ultrashort Bond | BSGSX vs BUBSX | |
| Baird Short-Term Bond Fund Institutional Class | 0.28 | 0.17 | 0.15 | 93 | Short-Term Bond | BSGSX vs BSBIX | |
| Tanaka Growth Fund | 0.63 | 0.70 | 0.76 | 52 | Mid Cap Growth Equities | BSGSX vs TGFRX | |
| Essex Environmental Opportunities Fund | 0.64 | 0.75 | 0.81 | 63 | Mid Cap Growth Equities | BSGSX vs EEOFX |
See all 16 diversifiers for BSGSX
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