Looking to diversify beyond AVDEX? The mutual funds below have historically moved differently from AVDEX, 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 AVDEX
0 mutual funds have low correlation with AVDEX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes International Strategic Value Dividend Fund (IVFIX) (Foreign Large Cap Equities) with a 1Y correlation of 0.52, down from 0.72 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes International Strategic Value Div... | 0.52 | 0.62 | 0.72 | 87 | Foreign Large Cap Equities | AVDEX vs IVFIX | |
| Pear Tree Polaris Foreign Value Fund | 0.53 | 0.64 | 0.71 | 91 | Foreign Large Cap Equities | AVDEX vs QFVOX | |
| GQG Partners International Quality Dividend Income... | 0.60 | 0.70 | 0.75 | 65 | Quality Factor, Foreign Large Cap Equities | AVDEX vs GQJPX | |
| Avantis U.S. Small Cap Value Fund | 0.61 | 0.66 | 0.71 | 94 | Small Cap Value Equities | AVDEX vs AVUVX | |
| Thornburg Global Opportunities Fund | 0.64 | 0.73 | 0.80 | 94 | Foreign Large Cap Equities | AVDEX vs THOIX |
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