Looking to diversify beyond CSVFX? The mutual funds below have the lowest correlation with CSVFX — 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 CSVFX.
Best Diversifiers for CSVFX
0 mutual funds have low correlation with CSVFX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes International Strategic Value Dividend Fund (IVFIX) (Foreign Large Cap Equities) with a 1Y correlation of 0.52, down from 0.72 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes International Strategic Value Div... | 0.52 | 0.61 | 0.72 | 78 | Foreign Large Cap Equities | CSVFX vs IVFIX | |
| PIMCO RAE PLUS International Fund | 0.62 | 0.62 | 0.65 | 88 | Foreign Large Cap Equities | CSVFX vs PTSIX | |
| Columbia Seligman Technology and Information Fund | 0.63 | 0.63 | 0.68 | 94 | Technology Equities | CSVFX vs SLMCX | |
| Columbia Seligman Global Technology Fund | 0.63 | 0.63 | 0.67 | 93 | Technology Equities | CSVFX vs SHGTX | |
| Tweedy, Browne International Value Fund | 0.64 | 0.74 | 0.82 | 55 | Foreign Large Cap Equities | CSVFX vs TBGVX |
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