Looking to diversify beyond SLVAX? The mutual funds below have the lowest correlation with SLVAX — 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 SLVAX.
Best Diversifiers for SLVAX
0 mutual funds have low correlation with SLVAX (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 0.46, down from 0.71 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Strategic Value Dividend Fund | 0.46 | 0.61 | 0.71 | 78 | Large Cap Value Equities | SLVAX vs SVAIX | |
| Columbia Global Technology Growth Fund Class A | 0.53 | 0.50 | 0.58 | 76 | Technology Equities, Large Cap Growth Equities | SLVAX vs CTCAX | |
| Columbia Global Technology Growth Fund | 0.54 | 0.50 | 0.58 | 77 | Technology Equities | SLVAX vs CMTFX | |
| Columbia Seligman Technology and Information Fund | 0.61 | 0.60 | 0.66 | 96 | Technology Equities | SLVAX vs SLMCX | |
| Columbia Seligman Global Technology Fund | 0.61 | 0.60 | 0.67 | 96 | Technology Equities | SLVAX vs SHGTX |
See all 37 diversifiers for SLVAX
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