Looking to diversify beyond MVEIX? The mutual funds below have the lowest correlation with MVEIX — 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 MVEIX.
Best Diversifiers for MVEIX
0 mutual funds have low correlation with MVEIX (below 0.3), 0 of which are negatively correlated. The least correlated is Ariel Focus Fund (ARFFX) (Mid Cap Value Equities) with a 1Y correlation of 0.71, roughly unchanged from 0.80 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Ariel Focus Fund | 0.71 | 0.77 | 0.80 | 76 | Mid Cap Value Equities | MVEIX vs ARFFX | |
| The Texas Fund | 0.73 | 0.74 | 0.74 | 62 | Mid Cap Blend Equities | MVEIX vs BIGTX | |
| Invesco Value Opportunities Fund Class Y | 0.74 | 0.73 | 0.76 | 81 | Mid Cap Value Equities | MVEIX vs VVOIX | |
| Invesco V.I. American Value Fund | 0.74 | 0.72 | 0.77 | 81 | Mid Cap Value Equities | MVEIX vs UMCVX | |
| Invesco Value Opportunities Fund | 0.74 | 0.73 | 0.76 | 81 | Mid Cap Value Equities | MVEIX vs VVOAX |
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