Looking to diversify beyond AVANX? The mutual funds below have the lowest correlation with AVANX — 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 AVANX.
Best Diversifiers for AVANX
0 mutual funds have low correlation with AVANX (below 0.3), 0 of which are negatively correlated. The least correlated is Avantis U.S. Large Cap Value Fund Institutional Class (AVLVX) (Large Cap Value Equities) with a 1Y correlation of 0.63, roughly unchanged from 0.65 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Avantis U.S. Large Cap Value Fund Institutional Cl... | 0.63 | 0.65 | — | 94 | Large Cap Value Equities | AVANX vs AVLVX | |
| Hood River International Opportunity Fund Investor... | 0.70 | — | — | 95 | Foreign Small & Mid Cap Equities | AVANX vs HRIIX | |
| Hood River International Opportunity Fund | 0.70 | 0.72 | — | 95 | Foreign Small & Mid Cap Equities | AVANX vs HRIOX | |
| Kopernik Global All-Cap Fund Class A | 0.72 | 0.64 | — | 80 | Foreign Small & Mid Cap Equities | AVANX vs KGGAX | |
| Kopernik Global All-Cap Fund | 0.72 | 0.64 | — | 80 | Foreign Small & Mid Cap Equities | AVANX vs KGGIX |
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