Looking to diversify beyond AVUVX? The mutual funds below have historically moved differently from AVUVX, 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 AVUVX
0 mutual funds have low correlation with AVUVX (below 0.3), 0 of which are negatively correlated. The least correlated is Avantis Emerging Markets Equity Fund (AVEEX) (Emerging Markets Equities) with a 1Y correlation of 0.44, down from 0.55 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Avantis Emerging Markets Equity Fund | 0.44 | 0.49 | 0.55 | 53 | Emerging Markets Equities | AVUVX vs AVEEX | |
| Fidelity Emerging Markets Index Fund | 0.47 | 0.48 | 0.53 | 62 | Emerging Markets Equities | AVUVX vs FPADX | |
| State Street Global All Cap Equity ex-U.S.Index Po... | 0.47 | 0.53 | 0.59 | 73 | Foreign Large Cap Equities | AVUVX vs SSGVX | |
| Aegis Value Fund Class I | 0.49 | 0.54 | 0.62 | 94 | Small Cap Value Equities | AVUVX vs AVALX | |
| Avantis International Small Cap Value Fund Institu... | 0.53 | 0.60 | 0.68 | 85 | Foreign Small & Mid Cap Equities | AVUVX vs AVDVX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AVUVX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.31, down from 0.44 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | 0.31 | 0.33 | 0.44 | 89 | Technology | |
| Royce Value Trust Inc. | 0.74 | 0.82 | 0.83 | 85 | Financial Services |
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