Looking to diversify beyond PVCMX? The mutual funds below have historically moved differently from PVCMX, 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 PVCMX
2 mutual funds have low correlation with PVCMX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Clover Small Value Fund (VSFAX) (Small Cap Value Equities) with a 1Y correlation of 0.21, down from 0.47 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Clover Small Value Fund | 0.21 | 0.37 | 0.47 | 71 | Small Cap Value Equities | PVCMX vs VSFAX | |
| Aegis Value Fund Class I | 0.23 | 0.41 | 0.53 | 94 | Small Cap Value Equities | PVCMX vs AVALX | |
| Invesco Small Cap Value Fund | 0.33 | 0.51 | 0.56 | 76 | Small Cap Value Equities | PVCMX vs VSCAX | |
| John Hancock Variable Insurance Trust Small Cap Va... | 0.36 | 0.50 | 0.55 | 75 | Small Cap Value Equities | PVCMX vs JESVX | |
| Bridgeway Ultra Small Company Market Fund | 0.49 | 0.58 | 0.57 | 75 | Small Cap Value Equities | PVCMX vs BRSIX |
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