Looking to diversify beyond AVLVX? The mutual funds below have the lowest correlation with AVLVX — 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 AVLVX.
Best Diversifiers for AVLVX
1 mutual funds have low correlation with AVLVX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Equity Income Fund (LEIFX) (Large Cap Value Equities) with a 1Y correlation of 0.11, down from 0.57 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Equity Income Fund | 0.11 | 0.57 | — | 54 | Large Cap Value Equities | AVLVX vs LEIFX | |
| Voya Corporate Leaders Trust Fund | 0.31 | 0.58 | — | 52 | Large Cap Value Equities | AVLVX vs LEXCX | |
| Federated Hermes Strategic Value Dividend Fund | 0.39 | 0.53 | — | 65 | Large Cap Value Equities | AVLVX vs SVAIX | |
| Buffalo Flexible Income Fund | 0.50 | 0.71 | — | 68 | Large Cap Value Equities | AVLVX vs BUFBX | |
| Hennessy Cornerstone Value Fund | 0.59 | 0.73 | — | 88 | Large Cap Value Equities | AVLVX vs HFCVX |
See all 194 diversifiers for AVLVX
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