Looking to diversify beyond SAVYX? The mutual funds below have historically moved differently from SAVYX, 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 SAVYX
3 mutual funds have low correlation with SAVYX (below 0.3), 1 of which are negatively correlated. The least correlated is Virtus AlphaSimplex Managed Futures Strategy Fund Class I (ASFYX) (Systematic Trend) with a 1Y correlation of -0.05, up from -0.33 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | -0.05 | -0.16 | -0.33 | 67 | Systematic Trend | SAVYX vs ASFYX | |
| The Merger Fund | 0.19 | 0.06 | 0.09 | 97 | Event Driven | SAVYX vs MERFX | |
| Virtus Seix Floating Rate High Income Fund | 0.28 | 0.26 | 0.27 | 97 | Bank Loan | SAVYX vs SAMBX | |
| Virtus Duff & Phelps Real Estate Securities Fund | 0.32 | 0.37 | 0.29 | 66 | REIT | SAVYX vs PHRAX | |
| GMO Multi-Sector Fixed Income Fund | 0.50 | 0.82 | 0.86 | 89 | Intermediate Core-Plus Bond | SAVYX vs GUGAX |
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