Looking to diversify beyond BSNIX? The mutual funds below have the lowest correlation with BSNIX — 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 BSNIX.
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 0.08, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Baird Ultra Short Bond Fund Institutional Class | 0.08 | 0.19 | 0.22 | 100 | Ultrashort Bond | BSNIX vs BUBIX | |
| Federated Hermes Conservative Municipal Microshort... | 0.10 | 0.14 | 0.10 | 99 | Municipal Bonds | BSNIX vs FHMIX | |
| Nationwide Amundi Strategic Income Fund | 0.11 | 0.22 | 0.16 | 99 | Multisector Bonds | BSNIX vs NWXHX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.12 | 0.13 | 0.12 | 99 | Municipal Bonds | BSNIX vs TFCYX | |
| abrdn Ultra Short Municipal Income Fund | 0.15 | 0.12 | 0.14 | 99 | Municipal Bonds | BSNIX vs ATOIX |
See all 29 diversifiers for BSNIX
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