Looking to diversify beyond AIVSX? The mutual funds below have historically moved differently from AIVSX, 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 AIVSX
13 mutual funds have low correlation with AIVSX (below 0.3), 1 of which are negatively correlated. The least correlated is Fidelity Select Energy Portfolio (FSENX) (Energy Equities) with a 1Y correlation of -0.11, down from 0.33 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | -0.11 | 0.17 | 0.33 | 87 | Energy Equities | AIVSX vs FSENX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.11 | 0.11 | 0.16 | 91 | Inflation-Protected Bonds | AIVSX vs VTAPX | |
| American High-Income Municipal Bond Fund | 0.20 | 0.15 | 0.13 | 89 | High Yield Muni | AIVSX vs AMHIX | |
| American Funds Tax Exempt Bond Fund | 0.22 | 0.15 | 0.13 | 75 | Municipal Bonds | AIVSX vs AFTEX | |
| MFS California Municipal Bond Fund | 0.23 | 0.17 | 0.14 | 75 | Municipal Bonds | AIVSX vs MCFTX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AIVSX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.26, down from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.26 | 0.03 | 0.22 | 80 | Energy | |
| Occidental Petroleum Corporation | -0.26 | 0.02 | 0.19 | 70 | Energy | |
| Altria Group, Inc. | -0.26 | -0.02 | 0.12 | 66 | Consumer Defensive | |
| Duke Energy Corporation | -0.25 | -0.05 | 0.11 | 56 | Utilities | |
| Exxon Mobil Corporation | -0.24 | -0.00 | 0.17 | 84 | Energy |
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