Looking to diversify beyond AVERX? The mutual funds below have the lowest correlation with AVERX — 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 AVERX.
Best Diversifiers for AVERX
1 mutual funds have low correlation with AVERX (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Equity Income Fund | 0.06 | — | — | 71 | Large Cap Value Equities | AVERX vs LEIFX | |
| Northern Income Equity Fund | 0.33 | — | — | 76 | Large Cap Value Equities | AVERX vs NOIEX | |
| Federated Hermes Strategic Value Dividend Fund | 0.33 | — | — | 86 | Large Cap Value Equities | AVERX vs SVAIX | |
| GMO U.S. Equity Fund | 0.34 | — | — | 87 | Large Cap Value Equities | AVERX vs GMUEX | |
| WP Large Cap Income Plus Fund | 0.34 | — | — | 51 | Large Cap Value Equities | AVERX vs WPLCX |
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