Looking to diversify beyond VALAX? The mutual funds below have the lowest correlation with VALAX — 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 VALAX.
Best Diversifiers for VALAX
1 mutual funds have low correlation with VALAX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Equity Income Fund (LEIFX) (Large Cap Value Equities) with a 1Y correlation of 0.14, down from 0.74 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Equity Income Fund | 0.14 | 0.54 | 0.74 | 67 | Large Cap Value Equities | VALAX vs LEIFX | |
| Federated Hermes Strategic Value Dividend Fund | 0.36 | 0.51 | 0.64 | 80 | Large Cap Value Equities | VALAX vs SVAIX | |
| Hennessy Cornerstone Value Fund | 0.54 | 0.69 | 0.78 | 81 | Large Cap Value Equities | VALAX vs HFCVX | |
| Smead Value Fund | 0.59 | 0.76 | 0.83 | 62 | Large Cap Value Equities | VALAX vs SMVLX | |
| Edgar Lomax Value Fund | 0.59 | 0.75 | 0.82 | 85 | Large Cap Value Equities | VALAX vs LOMAX |
See all 201 diversifiers for VALAX
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