Looking to diversify beyond AVLVX? The mutual funds below have historically moved differently from AVLVX, 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 AVLVX
4 mutual funds have low correlation with AVLVX (below 0.3), 0 of which are negatively correlated. The least correlated is GQG Partners US Quality Dividend Income Fund (GQHPX) (Quality Factor) with a 1Y correlation of 0.05, down from 0.47 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners US Quality Dividend Income Fund | 0.05 | 0.47 | — | 54 | Quality Factor, Large Cap Value Equities | AVLVX vs GQHPX | |
| Federated Hermes Equity Income Fund | 0.14 | 0.53 | 0.67 | 69 | Dividend, Large Cap Value Equities | AVLVX vs LEIFX | |
| Voya Corporate Leaders Trust Fund | 0.20 | 0.54 | — | 94 | Large Cap Value Equities | AVLVX vs LEXCX | |
| Federated Hermes Strategic Value Dividend Fund | 0.30 | 0.49 | — | 95 | Large Cap Value Equities | AVLVX vs SVAIX | |
| Buffalo Flexible Income Fund | 0.38 | 0.66 | — | 88 | Large Cap Value Equities | AVLVX vs BUFBX |
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