Looking to diversify beyond SVYAX? The mutual funds below have historically moved differently from SVYAX, 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 SVYAX
3 mutual funds have low correlation with SVYAX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Equity Market Neutral Fund Class I (BDMIX) (Equity Market Neutral) with a 1Y correlation of 0.17, roughly unchanged from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Class ... | 0.17 | 0.07 | 0.07 | 97 | Equity Market Neutral | SVYAX vs BDMIX | |
| AMG Yacktman Focused Fund | 0.25 | 0.54 | 0.66 | 89 | Large Cap Value Equities | SVYAX vs YAFFX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.26 | 0.21 | 0.09 | 66 | Systematic Trend | SVYAX vs ASFYX | |
| Voya Corporate Leaders Trust Fund | 0.39 | 0.60 | 0.69 | 93 | Large Cap Value Equities | SVYAX vs LEXCX | |
| Fidelity Dividend Growth Fund | 0.41 | 0.55 | 0.70 | 80 | Large Cap Blend Equities, Dividend | SVYAX vs FDGFX |
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