Looking to diversify beyond ACTIX? The mutual funds below have historically moved differently from ACTIX, 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 ACTIX
13 mutual funds have low correlation with ACTIX (below 0.3), 2 of which are negatively correlated. The least correlated is Voya Corporate Leaders Trust Fund (LEXCX) (Large Cap Value Equities) with a 1Y correlation of -0.10, down from 0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Voya Corporate Leaders Trust Fund | -0.10 | 0.14 | 0.23 | 93 | Large Cap Value Equities | ACTIX vs LEXCX | |
| GQG Partners US Quality Dividend Income Fund | -0.02 | 0.22 | 0.29 | 62 | Quality Factor, Large Cap Value Equities | ACTIX vs GQHPX | |
| Buffalo Flexible Income Fund | 0.10 | 0.23 | 0.31 | 87 | Large Cap Value Equities | ACTIX vs BUFBX | |
| Federated Hermes Equity Income Fund | 0.11 | 0.24 | 0.33 | 72 | Dividend, Large Cap Value Equities | ACTIX vs LEIFX | |
| Hennessy Cornerstone Value Fund | 0.17 | 0.26 | 0.31 | 95 | Large Cap Value Equities | ACTIX vs HFCVX |
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