Looking to diversify beyond AVPEX? The mutual funds below have historically moved differently from AVPEX, 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 AVPEX
5 mutual funds have low correlation with AVPEX (below 0.3), 0 of which are negatively correlated. The least correlated is ALPS/CoreCommodity Management CompleteCommoditiesSM Strategy Fund (JCRAX) (Commodities) with a 1Y correlation of 0.08, down from 0.32 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ALPS/CoreCommodity Management CompleteCommoditiesS... | 0.08 | 0.22 | 0.32 | 82 | Commodities | AVPEX vs JCRAX | |
| GQG Partners Global Quality Dividend Income Fund | 0.12 | 0.44 | 0.55 | 70 | Quality Factor, Global Equities | AVPEX vs GQFPX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.25 | 0.42 | 0.55 | 79 | Infrastructure Equities, Global Equities | AVPEX vs CSUAX | |
| Catalyst/Millburn Hedge Strategy Fund Class I | 0.27 | 0.28 | 0.31 | 90 | Multistrategy, Systematic Trend, Global Equities | AVPEX vs MBXIX | |
| Nuveen Global Infrastructure Fund Class A | 0.28 | 0.49 | 0.61 | 66 | Infrastructure Equities, Global Equities | AVPEX vs FGIAX |
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