Looking to diversify beyond BCOSX? The mutual funds below have the lowest correlation with BCOSX — 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 BCOSX.
Best Diversifiers for BCOSX
3 mutual funds have low correlation with BCOSX (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 0.14, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Baird Ultra Short Bond Fund Institutional Class | 0.14 | 0.24 | 0.26 | 100 | Ultrashort Bond | BCOSX vs BUBIX | |
| Fidelity Blue Chip Growth Fund | 0.22 | 0.16 | 0.13 | 73 | Large Cap Growth Equities | BCOSX vs FBGRX | |
| Baird Ultra Short Bond Fund | 0.29 | 0.25 | 0.31 | 100 | Ultrashort Bond | BCOSX vs BUBSX | |
| Schwab S&P 500 Index Fund | 0.34 | 0.23 | 0.16 | 66 | Large Cap Blend Equities, S&P 500 | BCOSX vs SWPPX | |
| Holbrook Income Fund Class I | 0.34 | 0.34 | 0.38 | 98 | Intermediate Core-Plus Bond | BCOSX vs HOBIX |
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