Looking to diversify beyond BHBFX? The mutual funds below have historically moved differently from BHBFX, 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 BHBFX
1 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 0.13, roughly unchanged from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Madison Tax-Free National Fund | 0.13 | 0.11 | 0.10 | 75 | Municipal Bonds | BHBFX vs GTFHX | |
| AMG Yacktman Focused Fund | 0.31 | 0.58 | 0.69 | 89 | Large Cap Value Equities | BHBFX vs YAFFX | |
| Federated Hermes Equity Income Fund | 0.38 | 0.56 | 0.73 | 72 | Dividend, Large Cap Value Equities | BHBFX vs LEIFX | |
| Madison Conservative Allocation Fund | 0.46 | 0.58 | 0.61 | 60 | Diversified Portfolio | BHBFX vs MCNAX | |
| BNY Mellon Equity Income Fund | 0.51 | 0.64 | 0.75 | 87 | Dividend, Large Cap Value Equities | BHBFX vs DQIRX |
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