Looking to diversify beyond SVAIX? The mutual funds below have the lowest correlation with SVAIX — 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 SVAIX.
Best Diversifiers for SVAIX
46 mutual funds have low correlation with SVAIX (below 0.3), 1 of which are negatively correlated. The least correlated is Federated Hermes Project and Trade Finance Tender Fund (XPTFX) (Bank Loan) with a 1Y correlation of -0.03, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | -0.03 | 0.09 | 0.06 | 84 | Bank Loan | SVAIX vs XPTFX | |
| Fidelity Advisor New Insights Fund Class I | 0.01 | 0.16 | 0.36 | 61 | Large Cap Growth Equities | SVAIX vs FINSX | |
| Federated Hermes Floating Rate Strat Inc Fund | 0.02 | 0.10 | 0.17 | 87 | Bank Loan | SVAIX vs FFRSX | |
| Federated Hermes MDT Small Cap Growth Fund | 0.04 | 0.28 | 0.42 | 72 | Small Cap Growth Equities | SVAIX vs QISGX | |
| Federated Hermes Conservative Municipal Microshort... | 0.04 | 0.08 | 0.06 | 99 | Municipal Bonds | SVAIX vs FHMIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SVAIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SVAIX and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of 0.16, down from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | 0.16 | 0.28 | 0.41 | 68 | Energy | |
| Morgan Stanley | 0.19 | 0.35 | 0.46 | 92 | Financial Services | |
| JPMorgan Chase & Co. | 0.30 | 0.38 | 0.50 | 69 | Financial Services | |
| Johnson & Johnson | 0.42 | 0.43 | 0.45 | 95 | Healthcare |
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