Looking to diversify beyond LVAFX? The mutual funds below have historically moved differently from LVAFX, 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 LVAFX
1 mutual funds have low correlation with LVAFX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Equity Market Neutral Fund Class I (BDMIX) (Equity Market Neutral) with a 1Y correlation of 0.23, up from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Class ... | 0.23 | 0.10 | 0.08 | 97 | Equity Market Neutral | LVAFX vs BDMIX | |
| Catalyst/Millburn Hedge Strategy Fund Class I | 0.32 | 0.23 | 0.30 | 90 | Multistrategy, Systematic Trend, Global Equities | LVAFX vs MBXIX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.35 | 0.25 | 0.10 | 66 | Systematic Trend | LVAFX vs ASFYX | |
| American Funds The New Economy Fund® Class F-2 | 0.36 | 0.47 | 0.58 | 70 | Global Equities | LVAFX vs NEFFX | |
| American Funds The New Economy Fund Class R-3 | 0.36 | 0.47 | 0.58 | 63 | Global Equities | LVAFX vs RNGCX |
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