Looking to diversify beyond BCOIX? The mutual funds below have the lowest correlation with BCOIX — 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 BCOIX.
Best Diversifiers for BCOIX
5 mutual funds have low correlation with BCOIX (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 0.16, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Baird Ultra Short Bond Fund Institutional Class | 0.16 | 0.26 | 0.28 | 100 | Ultrashort Bond | BCOIX vs BUBIX | |
| T. Rowe Price Science And Technology Fund | 0.22 | 0.14 | 0.13 | 89 | Technology Equities | BCOIX vs PRSCX | |
| Baird Ultra Short Bond Fund | 0.27 | 0.25 | 0.31 | 100 | Ultrashort Bond | BCOIX vs BUBSX | |
| State Street S&P 500 Index Fund Class N | 0.28 | 0.23 | 0.17 | 82 | Large Cap Blend Equities | BCOIX vs SVSPX | |
| DFA U.S. Targeted Value Portfolio | 0.28 | 0.22 | 0.11 | 59 | Small Cap Value Equities | BCOIX vs DFFVX |
See all 29 diversifiers for BCOIX
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