Looking to diversify beyond AVEFX? The mutual funds below have the lowest correlation with AVEFX — 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 AVEFX.
Best Diversifiers for AVEFX
7 mutual funds have low correlation with AVEFX (below 0.3), 1 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of -0.04, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | -0.04 | 0.13 | 0.37 | 64 | Diversified Portfolio | AVEFX vs MHELX | |
| Federated Hermes Capital Income Fund | 0.10 | 0.48 | 0.64 | 85 | Diversified Portfolio | AVEFX vs CAPAX | |
| Virtus Diversified Income & Convertible Fund | 0.11 | 0.32 | 0.42 | 60 | Diversified Portfolio | AVEFX vs ACV | |
| SEI Institutional Managed Trust Multi-Asset Inflat... | 0.15 | 0.32 | 0.41 | 73 | Diversified Portfolio | AVEFX vs SIFAX | |
| Standpoint Multi-Asset Fund Institutional | 0.22 | 0.24 | 0.30 | 75 | Diversified Portfolio | AVEFX vs BLNDX |
See all 399 diversifiers for AVEFX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements AVEFX
Add AVEFX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with AVEFX