Looking to diversify beyond TASVX? The mutual funds below have historically moved differently from TASVX, 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 TASVX
1 mutual funds have low correlation with TASVX (below 0.3), 0 of which are negatively correlated. The least correlated is PGIM Floating Rate Income Fund (FRFZX) (Bank Loan) with a 1Y correlation of 0.19, down from 0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM Floating Rate Income Fund | 0.19 | 0.28 | 0.29 | 95 | Bank Loan | TASVX vs FRFZX | |
| Aegis Value Fund Class I | 0.40 | 0.47 | 0.55 | 94 | Small Cap Value Equities | TASVX vs AVALX | |
| Palm Valley Capital Fund Investor Class | 0.67 | 0.67 | 0.64 | 72 | Small Cap Value Equities | TASVX vs PVCMX | |
| PGIM 60/40 Allocation Fund | 0.67 | 0.66 | 0.72 | 73 | Diversified Portfolio | TASVX vs PALDX | |
| Invesco Small Cap Value Fund | 0.71 | 0.79 | 0.85 | 76 | Small Cap Value Equities | TASVX vs VSCAX |
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