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Third Avenue Small Cap Value Fund (TASCX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

The investment seeks long-term capital appreciation. The fund seeks to achieve its objective by acquiring equity securities, including common stocks and convertible securities, of well-financed small companies at a discount to what the Adviser believes is their intrinsic value. The advisor expects to invest at least 80% of its net assets (plus the amount of any borrowing for investment purposes) in securities of companies that are considered small. It also invests in both domestic and foreign securities.

Looking to diversify beyond TASCX? The mutual funds below have the lowest correlation with TASCX — 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 TASCX.

Best Diversifiers for TASCX

1 mutual funds have low correlation with TASCX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Clover Small Value Fund (VSFAX) (Small Cap Value Equities) with a 1Y correlation of 0.16, down from 0.72 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
VSFAX
Federated Hermes Clover Small Value Fund0.160.570.72
53
Small Cap Value EquitiesTASCX vs VSFAX
AVALX
Aegis Value Fund0.450.480.54
87
Small Cap Value EquitiesTASCX vs AVALX
JESVX
John Hancock Variable Insurance Trust Small Cap Va...0.520.690.79
66
Small Cap Value EquitiesTASCX vs JESVX
TAVFX
Third Avenue Value Fund0.600.650.70
71
Global EquitiesTASCX vs TAVFX
VSCAX
Invesco Small Cap Value Fund0.640.700.78
87
Small Cap Value EquitiesTASCX vs VSCAX
See all 84 diversifiers for TASCX

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