Looking to diversify beyond SJVIX? The mutual funds below have the lowest correlation with SJVIX — 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 SJVIX.
Best Diversifiers for SJVIX
0 mutual funds have low correlation with SJVIX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Strategic Value Dividend Fund (SVAIX) (Large Cap Value Equities) with a 1Y correlation of 0.40, down from 0.56 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Strategic Value Dividend Fund | 0.40 | 0.56 | — | 78 | Large Cap Value Equities | SJVIX vs SVAIX | |
| Hennessy Cornerstone Value Fund | 0.57 | 0.73 | — | 81 | Large Cap Value Equities | SJVIX vs HFCVX | |
| Crossmark Steward International Enhanced Index Fun... | 0.70 | 0.70 | — | 52 | Foreign Large Cap Equities | SJVIX vs SNTCX | |
| Integrity Dividend Harvest Fund | 0.71 | 0.80 | — | 94 | Large Cap Value Equities | SJVIX vs IDIVX | |
| Torray Fund | 0.72 | 0.85 | — | 64 | Large Cap Value Equities | SJVIX vs TORYX |
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