Looking to diversify beyond HWVIX? The mutual funds below have historically moved differently from HWVIX, 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 HWVIX
0 mutual funds have low correlation with HWVIX (below 0.3), 0 of which are negatively correlated. The least correlated is Aegis Value Fund Class I (AVALX) (Small Cap Value Equities) with a 1Y correlation of 0.35, down from 0.56 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Aegis Value Fund Class I | 0.35 | 0.46 | 0.56 | 94 | Small Cap Value Equities | HWVIX vs AVALX | |
| Vanguard Total International Stock Index Fund Inst... | 0.46 | 0.57 | 0.64 | 70 | Foreign Large Cap Equities | HWVIX vs VTSNX | |
| Hotchkis & Wiley International Small Cap Diversifi... | 0.48 | 0.57 | 0.65 | 80 | Foreign Small & Mid Cap Equities | HWVIX vs HWTIX | |
| Hotchkis & Wiley International Value Fund | 0.56 | 0.62 | 0.71 | 85 | Foreign Large Cap Equities | HWVIX vs HWNIX | |
| Invesco Small Cap Value Fund | 0.62 | 0.76 | 0.85 | 76 | Small Cap Value Equities | HWVIX vs VSCAX |
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