Looking to diversify beyond AVK? The mutual funds below have the lowest correlation with AVK — 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 AVK.
Best Diversifiers for AVK
2 mutual funds have low correlation with AVK (below 0.3), 0 of which are negatively correlated. The least correlated is Guggenheim Limited Duration Fund (GILHX) (Short-Term Bond) with a 1Y correlation of 0.27, roughly unchanged from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Guggenheim Limited Duration Fund | 0.27 | 0.24 | 0.24 | 88 | Short-Term Bond | AVK vs GILHX | |
| Guggenheim Managed Futures Strategy Fund | 0.27 | 0.20 | 0.11 | 53 | Systematic Trend | AVK vs RYMTX | |
| Guggenheim Macro Opportunities Fund | 0.45 | 0.42 | 0.43 | 75 | Nontraditional Bonds | AVK vs GIOIX | |
| Miller Convertible Bond Fund | 0.57 | 0.58 | 0.61 | 78 | Convertible Bonds | AVK vs MCIFX | |
| Rational/Pier 88 Convertible Securities Fund | 0.58 | 0.59 | 0.62 | 52 | Convertible Bonds | AVK vs PBXIX |
See all 20 diversifiers for AVK
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