Looking to diversify beyond AVUVX? The mutual funds below have the lowest correlation with AVUVX — 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 AVUVX.
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 Diversified) with a 1Y correlation of 0.44, down from 0.55 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Avantis Emerging Markets Equity Fund | 0.44 | 0.49 | 0.55 | 70 | Emerging Markets Diversified | AVUVX vs AVEEX | |
| Vanguard Information Technology Index Fund Admiral... | 0.46 | 0.52 | 0.59 | 53 | Technology Equities | AVUVX vs VITAX | |
| State Street Global All Cap Equity ex-U.S.Index Po... | 0.47 | 0.54 | 0.59 | 60 | Foreign Large Cap Equities | AVUVX vs SSGVX | |
| Fidelity Emerging Markets Index Fund | 0.47 | 0.49 | 0.53 | 75 | Emerging Markets Diversified | AVUVX vs FPADX | |
| Aegis Value Fund | 0.52 | 0.55 | 0.63 | 90 | Small Cap Value Equities | AVUVX vs AVALX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AVUVX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AVUVX and solid risk/return profiles. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.30, roughly unchanged from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | 0.30 | 0.29 | 0.38 | 90 | Technology | |
| Royce Value Trust Inc. | 0.76 | 0.83 | 0.84 | 83 | Financial Services |
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