Looking to diversify beyond STVTX? The mutual funds below have historically moved differently from STVTX, 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 STVTX
2 mutual funds have low correlation with STVTX (below 0.3), 0 of which are negatively correlated. The least correlated is Virtus Seix Floating Rate High Income Fund (SAMBX) (Bank Loan) with a 1Y correlation of 0.14, down from 0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus Seix Floating Rate High Income Fund | 0.14 | 0.24 | 0.28 | 98 | Bank Loan | STVTX vs SAMBX | |
| Voya Corporate Leaders Trust Fund | 0.22 | 0.51 | 0.64 | 93 | Large Cap Value Equities | STVTX vs LEXCX | |
| The Merger Fund | 0.34 | 0.32 | 0.39 | 96 | Event Driven | STVTX vs MERFX | |
| Federated Hermes Strategic Value Dividend Fund | 0.35 | 0.52 | 0.65 | 94 | Large Cap Value Equities | STVTX vs SVAIX | |
| Buffalo Flexible Income Fund | 0.38 | 0.62 | 0.72 | 87 | Large Cap Value Equities | STVTX vs BUFBX |
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