Looking to diversify beyond AOVIX? The mutual funds below have the lowest correlation with AOVIX — 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 AOVIX.
Best Diversifiers for AOVIX
2 mutual funds have low correlation with AOVIX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.00, down from 0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.00 | 0.16 | 0.52 | 67 | Diversified Portfolio | AOVIX vs MHELX | |
| American Century California High Yield Municipal F... | 0.23 | 0.18 | 0.14 | 72 | Municipal Bonds | AOVIX vs BCHYX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.39 | 0.57 | 0.62 | 88 | Diversified Portfolio | AOVIX vs FIQDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.39 | 0.57 | 0.62 | 86 | Diversified Portfolio | AOVIX vs FSIRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.40 | 0.56 | 0.61 | 82 | Diversified Portfolio | AOVIX vs FCSRX |
See all 29 diversifiers for AOVIX
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Diversification Analysis
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