Looking to diversify beyond SVAIX? The mutual funds below have historically moved differently from SVAIX, 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 SVAIX
69 mutual funds have low correlation with SVAIX (below 0.3), 6 of which are negatively correlated. The least correlated is Federated Hermes Emerging Markets Equity Fund (PIEFX) (Emerging Markets Equities) with a 1Y correlation of -0.06, down from 0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Emerging Markets Equity Fund | -0.06 | 0.17 | 0.28 | 61 | Emerging Markets Equities | SVAIX vs PIEFX | |
| Federated Hermes Floating Rate Strat Inc Fund | -0.04 | 0.09 | 0.17 | 93 | Bank Loan | SVAIX vs FFRSX | |
| Federated Hermes Government Ultrashort Fund | -0.03 | 0.06 | 0.05 | 99 | Ultrashort Bond | SVAIX vs FGUSX | |
| Federated Hermes Conservative Municipal Microshort... | -0.03 | 0.07 | 0.06 | 99 | Municipal Bonds | SVAIX vs FHMIX | |
| Federated Hermes MDT Small Cap Growth Fund | -0.03 | 0.25 | 0.40 | 71 | Small Cap Growth Equities | SVAIX vs QISGX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SVAIX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Morgan Stanley (MS) (Financial Services) with a 1Y correlation of 0.14, down from 0.45 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Morgan Stanley | 0.14 | 0.32 | 0.45 | 87 | Financial Services | |
| Exxon Mobil Corporation | 0.15 | 0.27 | 0.40 | 84 | Energy | |
| JPMorgan Chase & Co. | 0.28 | 0.37 | 0.48 | 71 | Financial Services | |
| Johnson & Johnson | 0.47 | 0.50 | 0.49 | 97 | Healthcare |
Build a portfolio that complements SVAIX
Add SVAIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SVAIX