Looking to diversify beyond AVEGX? The mutual funds below have historically moved differently from AVEGX, 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 AVEGX
1 mutual funds have low correlation with AVEGX (below 0.3), 0 of which are negatively correlated. The least correlated is Knights of Columbus Limited Duration Fund (KCLIX) (Short-Term Bond) with a 1Y correlation of 0.18, roughly unchanged from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Knights of Columbus Limited Duration Fund | 0.18 | 0.12 | 0.14 | 96 | Short-Term Bond | AVEGX vs KCLIX | |
| Eventide Healthcare & Life Sciences Fund | 0.38 | 0.50 | 0.56 | 89 | Health & Biotech Equities | AVEGX vs ETIHX | |
| Adams Diversified Equity Fund, Inc. | 0.61 | 0.71 | 0.81 | 83 | Large Cap Blend Equities | AVEGX vs ADX | |
| Knights of Columbus Large Cap Value Fund | 0.64 | 0.72 | 0.79 | 95 | Large Cap Value Equities | AVEGX vs KCVIX | |
| Nuveen Nasdaq 100 Dynamic Overwrite Fund | 0.65 | 0.68 | 0.72 | 58 | Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed | AVEGX vs QQQX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AVEGX, 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 Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.14, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.14 | 0.05 | 0.17 | 84 | Energy |
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