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Federated Hermes Clover Small Value Fund (VSFAX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

The fund primarily invests in common stocks and other equity securities of U.S. companies with small market capitalizations. The adviser seeks to achieve its investment objective by investing in companies that the Adviser believes are undervalued relative to the market or their historic valuations. Small-cap companies are considered to be companies with market capitalizations at the time of purchase similar to those in the range of the Russell 2000 Index. It will invest its assets so that at least 80% of its net assets (plus any borrowings for investment purposes) are invested in small-cap companies.

Looking to diversify beyond VSFAX? The mutual funds below have the lowest correlation with VSFAX — 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 VSFAX.

Best Diversifiers for VSFAX

24 mutual funds have low correlation with VSFAX (below 0.3), 0 of which are negatively correlated. The least correlated is Aegis Value Fund (AVALX) (Small Cap Value Equities) with a 1Y correlation of 0.09, down from 0.48 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
AVALX
Aegis Value Fund0.090.320.48
87
Small Cap Value EquitiesVSFAX vs AVALX
TASCX
Third Avenue Small Cap Value Fund0.160.570.72
80
Small Cap Value EquitiesVSFAX vs TASCX
SVAIX
Federated Hermes Strategic Value Dividend Fund0.190.420.57
78
Large Cap Value EquitiesVSFAX vs SVAIX
SSCVX
Columbia Select Small Cap Value Fund0.190.600.77
73
Small Cap Value EquitiesVSFAX vs SSCVX
BSCMX
Brandes Small Cap Value Fund0.210.540.69
84
Small Cap Value EquitiesVSFAX vs BSCMX
See all 29 diversifiers for VSFAX

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