Looking to diversify beyond SAVYX? The mutual funds below have the lowest correlation with SAVYX — 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 SAVYX.
Best Diversifiers for SAVYX
3 mutual funds have low correlation with SAVYX (below 0.3), 0 of which are negatively correlated. The least correlated is The Merger Fund (MERFX) (Event Driven) with a 1Y correlation of 0.19, up from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| The Merger Fund | 0.19 | 0.09 | 0.09 | 97 | Event Driven | SAVYX vs MERFX | |
| Virtus Seix Floating Rate High Income Fund | 0.26 | 0.27 | 0.27 | 97 | Bank Loan | SAVYX vs SAMBX | |
| Virtus Artificial Intelligence & Technology Opport... | 0.28 | 0.20 | 0.19 | 56 | Technology Equities | SAVYX vs AIO | |
| Holbrook Income Fund Class I | 0.53 | 0.42 | 0.44 | 98 | Intermediate Core-Plus Bond | SAVYX vs HOBIX | |
| Leader Capital High Quality Floating Rate Fund Inv... | 0.55 | 0.33 | 0.23 | 94 | Intermediate Core-Plus Bond | SAVYX vs LCTRX |
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