Looking to diversify beyond AVPEX? The mutual funds below have the lowest correlation with AVPEX — 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 AVPEX.
Best Diversifiers for AVPEX
1 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 0.09, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ALPS/CoreCommodity Management CompleteCommoditiesS... | 0.09 | 0.24 | 0.33 | 58 | Commodities | AVPEX vs JCRAX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.32 | 0.45 | 0.56 | 51 | Global Equities | AVPEX vs CSUAX | |
| ALPS/Smith Short Duration Bond Fund | 0.39 | 0.24 | 0.24 | 87 | Short-Term Bond | AVPEX vs SMRSX | |
| Russell Investment Tax-Managed Real Assets Fund | 0.49 | 0.63 | 0.70 | 76 | Global Equities | AVPEX vs RTXAX | |
| New Alternatives Fund | 0.53 | 0.59 | 0.66 | 59 | Global Equities | AVPEX vs NALFX |
See all 28 diversifiers for AVPEX
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