Looking to diversify beyond MBOAX? The mutual funds below have the lowest correlation with MBOAX — 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 MBOAX.
Best Diversifiers for MBOAX
0 mutual funds have low correlation with MBOAX (below 0.3), 0 of which are negatively correlated. The least correlated is Madison Aggressive Allocation Fund (MAGSX) (Diversified Portfolio) with a 1Y correlation of 0.43, up from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Madison Aggressive Allocation Fund | 0.43 | 0.32 | 0.26 | 52 | Diversified Portfolio | MBOAX vs MAGSX | |
| Madison Moderate Allocation Fund | 0.49 | 0.44 | 0.39 | 51 | Diversified Portfolio | MBOAX vs MMDAX | |
| Madison Tax-Free National Fund | 0.51 | 0.57 | 0.54 | 76 | Municipal Bonds | MBOAX vs GTFHX | |
| Hartford Schroders Tax-Aware Bond Fund | 0.66 | 0.72 | 0.71 | 53 | Intermediate Core Bond | MBOAX vs STWTX | |
| Loomis Sayles Securitized Asset Fund | 0.78 | 0.88 | 0.90 | 64 | Intermediate Core Bond | MBOAX vs LSSAX |
See all 6 diversifiers for MBOAX
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