Looking to diversify beyond AFVLX? The mutual funds below have the lowest correlation with AFVLX — 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 AFVLX.
Best Diversifiers for AFVLX
0 mutual funds have low correlation with AFVLX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Strategic Value Dividend Fund (SVAIX) (Large Cap Value Equities) with a 1Y correlation of 0.38, down from 0.64 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Strategic Value Dividend Fund | 0.38 | 0.51 | 0.64 | 80 | Large Cap Value Equities | AFVLX vs SVAIX | |
| Hennessy Cornerstone Value Fund | 0.54 | 0.66 | 0.76 | 81 | Large Cap Value Equities | AFVLX vs HFCVX | |
| Smead Value Fund | 0.64 | 0.74 | 0.81 | 62 | Large Cap Value Equities | AFVLX vs SMVLX | |
| Vanguard International High Dividend Yield Index F... | 0.68 | 0.65 | 0.72 | 82 | Large Cap Value Equities, Dividend, Foreign Large Cap Equities | AFVLX vs VIHAX | |
| Rational Equity Armor Fund | 0.68 | 0.70 | 0.75 | 56 | Large Cap Value Equities | AFVLX vs HDCTX |
See all 34 diversifiers for AFVLX
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