Looking to diversify beyond BSNIX? The mutual funds below have historically moved differently from BSNIX, 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 BSNIX
13 mutual funds have low correlation with BSNIX (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 0.11, down from 0.22 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 | 0.11 | 0.20 | 0.22 | 99 | Ultrashort Bond | BSNIX vs BUBIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.12 | 0.14 | 0.12 | 99 | Municipal Bonds | BSNIX vs TFCYX | |
| abrdn Ultra Short Municipal Income Fund | 0.13 | 0.12 | 0.13 | 100 | Municipal Bonds | BSNIX vs ATOIX | |
| Federated Hermes Conservative Municipal Microshort... | 0.13 | 0.14 | 0.10 | 99 | Municipal Bonds | BSNIX vs FHMIX | |
| Nuveen Massachusetts Quality Municipal Income Fund | 0.15 | 0.32 | 0.35 | 68 | Municipal Bonds | BSNIX vs NMT |
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