Looking to diversify beyond BHBFX? The mutual funds below have the lowest correlation with BHBFX — 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 BHBFX.
Best Diversifiers for BHBFX
2 mutual funds have low correlation with BHBFX (below 0.3), 0 of which are negatively correlated. The least correlated is Madison Tax-Free National Fund (GTFHX) (Municipal Bonds) with a 1Y correlation of 0.12, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Madison Tax-Free National Fund | 0.12 | 0.11 | 0.09 | 76 | Municipal Bonds | BHBFX vs GTFHX | |
| Federated Hermes Equity Income Fund | 0.27 | 0.56 | 0.74 | 67 | Large Cap Value Equities | BHBFX vs LEIFX | |
| Rational Equity Armor Fund | 0.34 | 0.45 | 0.61 | 56 | Large Cap Value Equities | BHBFX vs HDCTX | |
| BNY Mellon Equity Income Fund | 0.54 | 0.66 | 0.76 | 89 | Large Cap Value Equities | BHBFX vs DQIRX | |
| Madison Moderate Allocation Fund | 0.60 | 0.69 | 0.74 | 52 | Diversified Portfolio | BHBFX vs MMDAX |
See all 35 diversifiers for BHBFX
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