Looking to diversify beyond UBVSX? The mutual funds below have historically moved differently from UBVSX, 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 UBVSX
2 mutual funds have low correlation with UBVSX (below 0.3), 1 of which are negatively correlated. The least correlated is PIMCO CommoditiesPLUS Strategy Fund (PCLIX) (Commodities) with a 1Y correlation of -0.16, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO CommoditiesPLUS Strategy Fund | -0.16 | -0.00 | 0.16 | 72 | Commodities | UBVSX vs PCLIX | |
| Aegis Value Fund Class I | 0.28 | 0.42 | 0.53 | 94 | Small Cap Value Equities | UBVSX vs AVALX | |
| JPMorgan Income Fund Class I | 0.33 | 0.23 | 0.25 | 87 | Multisector Bonds, Investment Grade Bonds, High Yield Bonds, Actively Managed | UBVSX vs JMSIX | |
| Fidelity Advisor Emerging Markets Discovery Fund C... | 0.34 | 0.40 | 0.49 | 85 | Emerging Markets Equities | UBVSX vs FIQGX | |
| Invesco Small Cap Value Fund | 0.53 | 0.72 | 0.82 | 76 | Small Cap Value Equities | UBVSX vs VSCAX |
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