Looking to diversify beyond SVAAX? The mutual funds below have historically moved differently from SVAAX, 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 SVAAX
20 mutual funds have low correlation with SVAAX (below 0.3), 2 of which are negatively correlated. The least correlated is Fidelity Capital & Income Fund (FAGIX) (High Yield Bonds) with a 1Y correlation of -0.08, down from 0.36 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Capital & Income Fund | -0.08 | 0.22 | 0.36 | 74 | High Yield Bonds | SVAAX vs FAGIX | |
| Federated Hermes MDT Small Cap Growth Fund Class A | -0.05 | 0.24 | 0.39 | 68 | Small Cap Growth Equities | SVAAX vs QASGX | |
| Allspring Emerging Markets Equity Income Fund | 0.01 | 0.18 | 0.31 | 63 | Dividend, Emerging Markets Equities | SVAAX vs EQIIX | |
| AMG Yacktman Focused Fund | 0.01 | 0.37 | 0.55 | 89 | Large Cap Value Equities | SVAAX vs YAFFX | |
| American Funds Fundamental Investors® Class F-2 | 0.01 | 0.25 | 0.46 | 65 | Large Cap Blend Equities, Dividend | SVAAX vs FINFX |
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