Looking to diversify beyond AVERX? The mutual funds below have historically moved differently from AVERX, 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 AVERX
3 mutual funds have low correlation with AVERX (below 0.3), 0 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Equity Income Fund | 0.05 | — | — | 72 | Dividend, Large Cap Value Equities | AVERX vs LEIFX | |
| GQG Partners US Quality Dividend Income Fund | 0.28 | — | — | 62 | Quality Factor, Large Cap Value Equities | AVERX vs GQHPX | |
| Federated Hermes Strategic Value Dividend Fund | 0.30 | — | — | 94 | Large Cap Value Equities | AVERX vs SVAIX | |
| WP Large Cap Income Plus Fund | 0.30 | — | — | 66 | Large Cap Value Equities | AVERX vs WPLCX | |
| UBS US Dividend Ruler Fund | 0.31 | — | — | 57 | Large Cap Value Equities | AVERX vs DVRUX |
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