Looking to diversify beyond AVALX? The mutual funds below have historically moved differently from AVALX, 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 AVALX
18 mutual funds have low correlation with AVALX (below 0.3), 1 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Miller Market Neutral Income Fund Class I | -0.20 | — | — | 99 | Equity Market Neutral | AVALX vs MMNIX | |
| Victory Pioneer Cat Bond Fund Class Y | 0.02 | — | — | 100 | Nontraditional Bonds | AVALX vs CBYYX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | 0.05 | 0.05 | 0.01 | 100 | Multistrategy | AVALX vs SRRIX | |
| Federated Hermes Clover Small Value Fund | 0.07 | 0.30 | 0.46 | 71 | Small Cap Value Equities | AVALX vs VSFAX | |
| Stone Ridge High Yield Reinsurance Risk Premium Fu... | 0.13 | 0.06 | 0.02 | 99 | Multistrategy | AVALX vs SHRIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AVALX, 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 Amazon.com, Inc (AMZN) (Consumer Cyclical) with a 1Y correlation of 0.16, roughly unchanged from 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amazon.com, Inc | 0.16 | 0.18 | 0.26 | 60 | Consumer Cyclical | |
| Cohen & Steers Quality Income Realty Fund, Inc. | 0.17 | 0.28 | 0.38 | 66 | Financial Services | |
| Strategy Inc Variable Rate Series A Perpetual Stre... | 0.25 | 0.25 | 0.25 | 57 | Technology | |
| Micron Technology, Inc. | 0.25 | 0.30 | 0.32 | 99 | Technology | |
| Broadcom Inc. | 0.26 | 0.24 | 0.31 | 67 | Technology |
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