Looking to diversify beyond UNAVX? The mutual funds below have historically moved differently from UNAVX, 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 UNAVX
6 mutual funds have low correlation with UNAVX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Tactical Opportunities Fund Institutional Class (PBAIX) (Tactical Allocation) with a 1Y correlation of 0.01, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund Institutiona... | 0.01 | 0.19 | 0.13 | 85 | Tactical Allocation | UNAVX vs PBAIX | |
| Quantified Evolution Plus Fund | 0.26 | 0.30 | 0.26 | 84 | Tactical Allocation | UNAVX vs QEVOX | |
| Hussman Strategic Total Return Fund | 0.27 | 0.19 | 0.21 | 95 | Tactical Allocation | UNAVX vs HSTRX | |
| Goldman Sachs TacticalTiltOverlayFund | 0.27 | 0.22 | 0.30 | 72 | Tactical Allocation | UNAVX vs TTIFX | |
| PIMCO All Asset All Authority Fund | 0.28 | 0.25 | 0.31 | 88 | Tactical Allocation | UNAVX vs PAUIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for UNAVX, 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 Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of -0.14, down from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.14 | -0.03 | 0.06 | 66 | Communication Services | |
| JPMorgan Chase & Co. | 0.24 | 0.31 | 0.37 | 71 | Financial Services | |
| Apple Inc | 0.33 | 0.34 | 0.42 | 89 | Technology |
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