Looking to diversify beyond USAGX? The mutual funds below have historically moved differently from USAGX, 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 USAGX
18 mutual funds have low correlation with USAGX (below 0.3), 1 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Victory Pioneer Cat Bond Fund Class Y | -0.04 | — | — | 100 | Nontraditional Bonds | USAGX vs CBYYX | |
| Victory Pioneer Multi-Asset Ultrashort Income Fund... | 0.03 | 0.07 | 0.08 | 99 | Ultrashort Bond | USAGX vs MAFRX | |
| Victory Floating Rate Fund | 0.10 | 0.07 | 0.13 | 88 | Bank Loan | USAGX vs RSFYX | |
| USAA Virginia Bond Fund | 0.14 | 0.14 | 0.17 | 85 | Municipal Bonds | USAGX vs USVAX | |
| USAA Tax Exempt Intermediate Term Fund | 0.18 | 0.14 | 0.16 | 82 | Municipal Bonds | USAGX vs USATX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for USAGX, 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 Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.14, roughly unchanged from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | 0.14 | 0.09 | 0.12 | 89 | Technology | |
| Agnico Eagle Mines Limited | 0.85 | 0.86 | 0.86 | 56 | Basic Materials |
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