Looking to diversify beyond BSNSX? The mutual funds below have the lowest correlation with BSNSX — 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 BSNSX.
Best Diversifiers for BSNSX
17 mutual funds have low correlation with BSNSX (below 0.3), 2 of which are negatively correlated. The least correlated is Federated Hermes Conservative Municipal Microshort Fund (FHMIX) (Municipal Bonds) with a 1Y correlation of -0.02, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Conservative Municipal Microshort... | -0.02 | 0.10 | 0.08 | 99 | Municipal Bonds | BSNSX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.01 | 0.10 | 0.10 | 99 | Municipal Bonds | BSNSX vs TFCYX | |
| DFA California Municipal Real Return Portfolio | 0.00 | 0.19 | 0.22 | 94 | Municipal Bonds | BSNSX vs DCARX | |
| Baird Ultra Short Bond Fund Institutional Class | 0.08 | 0.17 | 0.18 | 100 | Ultrashort Bond | BSNSX vs BUBIX | |
| Baird Ultra Short Bond Fund | 0.08 | 0.13 | 0.21 | 100 | Ultrashort Bond | BSNSX vs BUBSX |
See all 40 diversifiers for BSNSX
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