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American Century Small Cap Value Fund (ASVIX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 3, 2026

Under normal market conditions, the portfolio managers will invest at least 80% of the fund's net assets in small cap companies. The portfolio managers consider small cap companies to include those with market capitalizations no larger than that of the largest company in the S&P Small Cap 600 Index or the Russell 2000 Index.

Looking to diversify beyond ASVIX? The mutual funds below have the lowest correlation with ASVIX — 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 ASVIX.

Best Diversifiers for ASVIX

1 mutual funds have low correlation with ASVIX (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 0.07, roughly unchanged from 0.07 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
BCHYX
American Century California High Yield Municipal F...0.070.110.07
61
Municipal BondsASVIX vs BCHYX
AVALX
Aegis Value Fund0.360.490.55
94
Small Cap Value EquitiesASVIX vs AVALX
VEMAX
Vanguard Emerging Markets Stock Index Fund Admiral...0.390.470.52
53
Emerging Markets EquitiesASVIX vs VEMAX
VTSNX
Vanguard Total International Stock Index Fund Inst...0.540.630.68
60
Large Cap Blend Equities, Foreign Large Cap EquitiesASVIX vs VTSNX
VINIX
Vanguard Institutional Index Fund Institutional Sh...0.590.660.74
74
Large Cap Blend EquitiesASVIX vs VINIX
See all 29 diversifiers for ASVIX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from ASVIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ASVIX and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.15, down from 0.39 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
NVDA
NVIDIA Corporation0.150.220.39
82
Technology

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Diversification Analysis

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