Looking to diversify beyond AAAAX? The mutual funds below have the lowest correlation with AAAAX — 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 AAAAX.
Best Diversifiers for AAAAX
16 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 -0.06, down from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | -0.06 | 0.13 | 0.41 | 64 | Diversified Portfolio | AAAAX vs MHELX | |
| DWS Massachusetts Tax Free Fund | 0.13 | 0.24 | 0.21 | 71 | Municipal Bonds | AAAAX vs SCMAX | |
| Federated Hermes Capital Income Fund | 0.15 | 0.48 | 0.64 | 85 | Diversified Portfolio | AAAAX vs CAPAX | |
| DWS California Tax | 0.15 | 0.26 | 0.22 | 57 | Municipal Bonds | AAAAX vs KCTAX | |
| DWS Science and Technology Fund | 0.15 | 0.29 | 0.43 | 72 | Technology Equities | AAAAX vs KTCAX |
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