Looking to diversify beyond MBOAX? The mutual funds below have historically moved differently from MBOAX, 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 MBOAX
1 mutual funds have low correlation with MBOAX (below 0.3), 0 of which are negatively correlated. The least correlated is Madison Dividend Income Fund (BHBFX) (Large Cap Value Equities) with a 1Y correlation of 0.15, roughly unchanged from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Madison Dividend Income Fund | 0.15 | 0.18 | 0.13 | 56 | Large Cap Value Equities | MBOAX vs BHBFX | |
| Madison Diversified Income Fund | 0.37 | 0.44 | 0.33 | 57 | Diversified Portfolio | MBOAX vs MBLAX | |
| Madison Aggressive Allocation Fund Class A | 0.42 | 0.32 | 0.27 | 70 | Diversified Portfolio | MBOAX vs MAGSX | |
| Madison Moderate Allocation Fund | 0.48 | 0.43 | 0.40 | 64 | Diversified Portfolio | MBOAX vs MMDAX | |
| Madison Tax-Free National Fund | 0.56 | 0.59 | 0.54 | 75 | Municipal Bonds | MBOAX vs GTFHX |
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