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 0.14, 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... | 0.14 | 0.13 | 0.08 | 72 | Municipal Bonds | ALVIX vs BCHYX | |
| Rational Equity Armor Fund | 0.39 | 0.42 | 0.58 | 55 | Large Cap Value Equities | ALVIX vs HDCTX | |
| Vanguard 500 Index Fund Admiral Shares | 0.56 | 0.58 | 0.70 | 66 | S&P 500, Large Cap Blend Equities | ALVIX vs VFIAX | |
| Vanguard Total Stock Market Index Fund Admiral Sha... | 0.59 | 0.60 | 0.71 | 65 | Large Cap Blend Equities | ALVIX vs VTSAX | |
| Federated Hermes Strategic Value Dividend Fund | 0.62 | 0.70 | 0.80 | 78 | Large Cap Value Equities | ALVIX vs SVAIX |
See all 33 diversifiers for ALVIX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements ALVIX
Add ALVIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ALVIX