Looking to diversify beyond ASVIX? The mutual funds below have historically moved differently from ASVIX, 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 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 0.16, roughly unchanged from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Century California High Yield Municipal F... | 0.16 | 0.13 | 0.08 | 87 | Municipal Bonds | ASVIX vs BCHYX | |
| Aegis Value Fund Class I | 0.36 | 0.47 | 0.53 | 94 | Small Cap Value Equities | ASVIX vs AVALX | |
| American Funds EUPAC Fund Class R-6 | 0.46 | 0.57 | 0.64 | 51 | Foreign Large Cap Equities, Large Cap Growth Equities, Actively Managed | ASVIX vs RERGX | |
| MFS International Intrinsic Value Fund Class R6 | 0.49 | 0.54 | 0.57 | 50 | Foreign Large Cap Equities | ASVIX vs MINJX | |
| Columbia Overseas Value Fund Institutional 3 Class | 0.49 | 0.58 | 0.66 | 71 | Foreign Large Cap Equities | ASVIX vs COSYX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ASVIX, 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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.14, down from 0.40 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.14 | 0.22 | 0.40 | 56 | Technology |
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