Looking to diversify beyond ALVIX? The mutual funds below have the lowest correlation with ALVIX — 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 ALVIX.
Best Diversifiers for ALVIX
1 mutual funds have low correlation with ALVIX (below 0.3), 0 of which are negatively correlated. The least correlated is American Century California High Yield Municipal Fund (BCHYX) (Municipal Bonds) with a 1Y correlation of 0.15, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Century California High Yield Municipal F... | 0.15 | 0.13 | 0.08 | 83 | Municipal Bonds | ALVIX vs BCHYX | |
| AMG Yacktman Focused Fund | 0.35 | 0.55 | 0.68 | 86 | Large Cap Value Equities | ALVIX vs YAFFX | |
| Voya Corporate Leaders Trust Fund | 0.43 | 0.64 | 0.72 | 68 | Large Cap Value Equities | ALVIX vs LEXCX | |
| Vanguard 500 Index Fund Admiral Shares | 0.52 | 0.56 | 0.69 | 65 | S&P 500, Large Cap Blend Equities | ALVIX vs VFIAX | |
| Vanguard Total Stock Market Index Fund Admiral Sha... | 0.55 | 0.59 | 0.70 | 65 | Large Cap Blend Equities | ALVIX vs VTSAX |
See all 39 diversifiers for ALVIX
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