Looking to diversify beyond BCOSX? The mutual funds below have historically moved differently from BCOSX, 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 BCOSX
2 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.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Baird Ultra Short Bond Fund Institutional Class | 0.14 | 0.23 | 0.26 | 99 | Ultrashort Bond | BCOSX vs BUBIX | |
| Baird Ultra Short Bond Fund | 0.25 | 0.25 | 0.31 | 100 | Ultrashort Bond | BCOSX vs BUBSX | |
| Schwab S&P 500 Index Fund | 0.35 | 0.23 | 0.18 | 63 | Large Cap Blend Equities, S&P 500 | BCOSX vs SWPPX | |
| Holbrook Income Fund Class I | 0.36 | 0.32 | 0.38 | 99 | Intermediate Core-Plus Bond | BCOSX vs HOBIX | |
| DFA International Core Equity 2 Portfolio Institut... | 0.44 | 0.34 | 0.26 | 80 | Foreign Large Cap Equities | BCOSX vs DFIEX |
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