Looking to diversify beyond AAAAX? The mutual funds below have historically moved differently from AAAAX, 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 AAAAX
24 mutual funds have low correlation with AAAAX (below 0.3), 1 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of -0.02, down from 0.38 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | -0.02 | 0.10 | 0.38 | 68 | Diversified Portfolio | AAAAX vs MHELX | |
| DWS California Tax | 0.09 | 0.24 | 0.21 | 65 | Municipal Bonds | AAAAX vs KCTAX | |
| DWS Massachusetts Tax Free Fund | 0.10 | 0.22 | 0.21 | 73 | Municipal Bonds | AAAAX vs SCMAX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.11 | 0.26 | 0.34 | 99 | Diversified Portfolio | AAAAX vs STDAX | |
| DWS Strategic High Yield Tax | 0.13 | 0.24 | 0.22 | 78 | High Yield Muni | AAAAX vs SHYTX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements AAAAX
Add AAAAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with AAAAX