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 -0.06, down from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | -0.06 | 0.12 | 0.36 | 70 | Diversified Portfolio | AVEFX vs MHELX | |
| Virtus Diversified Income & Convertible Fund | 0.13 | 0.32 | 0.42 | 61 | Diversified Portfolio | AVEFX vs ACV | |
| Federated Hermes Capital Income Fund | 0.13 | 0.47 | 0.64 | 82 | Diversified Portfolio | AVEFX vs CAPAX | |
| Standpoint Multi-Asset Fund Institutional | 0.24 | 0.25 | 0.30 | 74 | Diversified Portfolio | AVEFX vs BLNDX | |
| Knights of Columbus Long/Short Equity Fund | 0.25 | 0.22 | 0.25 | 61 | Long-Short | AVEFX vs KCEIX |
See all 363 diversifiers for AVEFX
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