Looking to diversify beyond SVARX? The mutual funds below have historically moved differently from SVARX, 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 SVARX
14 mutual funds have low correlation with SVARX (below 0.3), 3 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Victory Pioneer Cat Bond Fund Class Y | -0.08 | — | — | 100 | Nontraditional Bonds | SVARX vs CBYYX | |
| Artisan Global Unconstrained Fund | -0.02 | -0.12 | — | 99 | Nontraditional Bonds | SVARX vs APFPX | |
| Cliffwater Enhanced Lending Fund | -0.00 | 0.06 | 0.02 | 100 | Nontraditional Bonds | SVARX vs CELFX | |
| Putnam Mortgage Opportunities Fund | 0.03 | 0.02 | 0.10 | 88 | Nontraditional Bonds | SVARX vs PMOTX | |
| PGIM Securitized Credit Fund | 0.07 | 0.02 | 0.07 | 100 | Nontraditional Bonds | SVARX vs SCFZX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SVARX, 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 Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.01, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.01 | 0.06 | 0.11 | 62 | Consumer Defensive | |
| Berkshire Hathaway Inc. | 0.04 | 0.14 | 0.19 | 61 | Financial Services | |
| NVIDIA Corporation | 0.20 | 0.20 | 0.24 | 56 | Technology | |
| Broadcom Inc. | 0.26 | 0.21 | 0.23 | 67 | Technology |
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