Looking to diversify beyond ACTIX? The mutual funds below have the lowest correlation with ACTIX — 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 ACTIX.
Best Diversifiers for ACTIX
4 mutual funds have low correlation with ACTIX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Equity Income Fund (LEIFX) (Large Cap Value Equities) with a 1Y correlation of 0.07, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Equity Income Fund | 0.07 | 0.26 | 0.33 | 65 | Large Cap Value Equities | ACTIX vs LEIFX | |
| Hennessy Cornerstone Value Fund | 0.25 | 0.29 | 0.31 | 81 | Large Cap Value Equities | ACTIX vs HFCVX | |
| Federated Hermes Strategic Value Dividend Fund | 0.27 | 0.37 | 0.38 | 78 | Large Cap Value Equities | ACTIX vs SVAIX | |
| Smead Value Fund | 0.27 | 0.35 | 0.37 | 62 | Large Cap Value Equities | ACTIX vs SMVLX | |
| Edgar Lomax Value Fund | 0.32 | 0.31 | 0.34 | 84 | Large Cap Value Equities | ACTIX vs LOMAX |
See all 205 diversifiers for ACTIX
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