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Madison Small Cap Fund (BVAOX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

The fund invests primarily in a diversified mix of common stocks of small cap U.S. companies that are believed to be undervalued by various measures and offer sound prospects for capital appreciation. Under normal market conditions, it will maintain at least 80% of its net assets (including borrowings for investment purposes) in small cap securities.

Looking to diversify beyond BVAOX? The mutual funds below have the lowest correlation with BVAOX — 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 BVAOX.

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 0.18, roughly unchanged from 0.11 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
GTFHX
Madison Tax-Free National Fund0.180.120.11
76
Municipal BondsBVAOX vs GTFHX
SCMIX
Columbia Seligman Technology and Information Fund ...0.590.690.78
96
Technology EquitiesBVAOX vs SCMIX
AUERX
Auer Growth Fund0.680.710.75
83
Small Cap Blend EquitiesBVAOX vs AUERX
HDPSX
Hodges Small Cap Fund0.810.860.88
80
Small Cap Blend EquitiesBVAOX vs HDPSX
IPSIX
Voya Index Plus SmallCap Portfolio0.830.830.88
86
Small Cap Blend EquitiesBVAOX vs IPSIX
See all 33 diversifiers for BVAOX

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