Looking to diversify beyond BVAOX? The mutual funds below have historically moved differently from BVAOX, 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 BVAOX
1 mutual funds have low correlation with BVAOX (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 0.23, up from 0.12 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 | 0.23 | 0.13 | 0.12 | 75 | Municipal Bonds | BVAOX vs GTFHX | |
| Madison Dividend Income Fund | 0.53 | 0.65 | 0.70 | 56 | Large Cap Value Equities | BVAOX vs BHBFX | |
| DFA International Small Company Portfolio | 0.61 | 0.62 | 0.68 | 60 | Foreign Small & Mid Cap Equities, Small Cap Blend Equities | BVAOX vs DFISX | |
| Columbia Seligman Technology and Information Fund ... | 0.61 | 0.68 | 0.77 | 93 | Technology Equities | BVAOX vs SCMIX | |
| Auer Growth Fund | 0.63 | 0.69 | 0.73 | 91 | Small Cap Blend Equities | BVAOX vs AUERX |
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