Looking to diversify beyond AVALX? The mutual funds below have the lowest correlation with AVALX — 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 AVALX.
Best Diversifiers for AVALX
12 mutual funds have low correlation with AVALX (below 0.3), 2 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Miller Market Neutral Income Fund Class I | -0.19 | — | — | 99 | Equity Market Neutral | AVALX vs MMNIX | |
| Victory Pioneer Cat Bond Fund Class Y | -0.00 | — | — | 100 | Nontraditional Bonds | AVALX vs CBYYX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | 0.03 | 0.04 | 0.01 | 100 | Multistrategy | AVALX vs SRRIX | |
| Federated Hermes Clover Small Value Fund | 0.09 | 0.32 | 0.48 | 54 | Small Cap Value Equities | AVALX vs VSFAX | |
| Stone Ridge High Yield Reinsurance Risk Premium Fu... | 0.12 | 0.06 | 0.02 | 98 | Multistrategy | AVALX vs SHRIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AVALX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AVALX and solid risk/return profiles. The least correlated is Amazon.com, Inc (AMZN) (Consumer Cyclical) with a 1Y correlation of 0.15, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amazon.com, Inc | 0.15 | 0.20 | 0.27 | 54 | Consumer Cyclical | |
| Micron Technology, Inc. | 0.22 | 0.29 | 0.32 | 99 | Technology | |
| Broadcom Inc. | 0.22 | 0.24 | 0.31 | 72 | Technology | |
| Cohen & Steers Quality Income Realty Fund | 0.23 | 0.31 | 0.39 | 57 | Financial Services | |
| Reaves Utility Income Trust | 0.31 | 0.32 | 0.38 | 79 | Financial Services |
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