Looking to diversify beyond AAAGX? The mutual funds below have historically moved differently from AAAGX, 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 AAAGX
3 mutual funds have low correlation with AAAGX (below 0.3), 0 of which are negatively correlated. The least correlated is Thrivent High Income Municipal Bond Fund (THMBX) (High Yield Muni) with a 1Y correlation of 0.18, roughly unchanged from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Thrivent High Income Municipal Bond Fund | 0.18 | 0.10 | 0.12 | 89 | High Yield Muni | AAAGX vs THMBX | |
| Thrivent Municipal Bond Fund | 0.22 | 0.12 | 0.12 | 71 | Municipal Bonds | AAAGX vs AAMBX | |
| Thrivent Limited Maturity Bond Fund | 0.26 | 0.12 | 0.14 | 75 | Short-Term Bond | AAAGX vs THLIX | |
| Thrivent Opportunity Income Plus Fund | 0.47 | 0.32 | 0.39 | 54 | Multisector Bonds | AAAGX vs AAINX | |
| Provident Trust Strategy Fund | 0.54 | 0.67 | 0.78 | 51 | Large Cap Growth Equities | AAAGX vs PROVX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AAAGX, 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 Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of -0.07, down from 0.36 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | -0.07 | 0.17 | 0.36 | 61 | Financial Services |
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