Looking to diversify beyond SMVSX? The mutual funds below have historically moved differently from SMVSX, 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 SMVSX
0 mutual funds have low correlation with SMVSX (below 0.3), 0 of which are negatively correlated. The least correlated is Palm Valley Capital Fund Investor Class (PVCMX) (Small Cap Value Equities) with a 1Y correlation of 0.35, down from 0.56 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Palm Valley Capital Fund Investor Class | 0.35 | 0.52 | 0.56 | 73 | Small Cap Value Equities | SMVSX vs PVCMX | |
| North Star Dividend Fund | 0.45 | 0.63 | 0.74 | 74 | Small Cap Value Equities | SMVSX vs NSDVX | |
| Royce Special Equity Fund | 0.53 | 0.71 | 0.77 | 94 | Small Cap Value Equities | SMVSX vs RYSEX | |
| Third Avenue Small Cap Value Fund | 0.55 | 0.66 | 0.76 | 94 | Small Cap Value Equities | SMVSX vs TASCX | |
| Aegis Value Fund Class I | 0.56 | 0.61 | 0.67 | 94 | Small Cap Value Equities | SMVSX vs AVALX |
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