Looking to diversify beyond AUERX? The mutual funds below have historically moved differently from AUERX, 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 AUERX
1 mutual funds have low correlation with AUERX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes MDT Small Cap Core Fund (QISCX) (Small Cap Blend Equities) with a 1Y correlation of 0.30, down from 0.67 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes MDT Small Cap Core Fund | 0.30 | 0.52 | 0.67 | 62 | Small Cap Blend Equities | AUERX vs QISCX | |
| Loomis Sayles Small Cap Value Fund | 0.53 | 0.72 | 0.80 | 71 | Small Cap Blend Equities | AUERX vs LSSCX | |
| Natixis Funds Trust I Vaughan Nelson Small Cap Val... | 0.56 | 0.65 | 0.75 | 58 | Small Cap Blend Equities | AUERX vs NEFJX | |
| Invesco Main Street Small Cap Fund | 0.59 | 0.72 | 0.77 | 61 | Small Cap Blend Equities | AUERX vs OSSIX | |
| John Hancock Variable Insurance Trust Small Cap In... | 0.60 | 0.71 | 0.77 | 85 | Small Cap Blend Equities | AUERX vs JESIX |
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