Looking to diversify beyond AAAMX? The mutual funds below have the lowest correlation with AAAMX — 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 AAAMX.
Best Diversifiers for AAAMX
0 mutual funds have low correlation with AAAMX (below 0.3), 0 of which are negatively correlated. The least correlated is American Century California High Yield Municipal Fund (BCHYX) (Municipal Bonds) with a 1Y correlation of 0.32, roughly unchanged from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Century California High Yield Municipal F... | 0.32 | 0.35 | 0.31 | 71 | Municipal Bonds | AAAMX vs BCHYX | |
| American Century Equity Income Fund Class I | 0.64 | 0.66 | 0.72 | 52 | Large Cap Value Equities | AAAMX vs ACIIX | |
| American Century Equity Income Fund | 0.64 | 0.66 | 0.72 | 51 | Large Cap Value Equities | AAAMX vs TWEIX | |
| Dimensional Retirement Income Fund | 0.82 | 0.87 | 0.86 | 70 | Target Retirement Date | AAAMX vs TDIFX | |
| Dimensional 2060 Target Date Retirement Income Fun... | 0.85 | 0.83 | 0.87 | 80 | Target Retirement Date | AAAMX vs DRILX |
See all 66 diversifiers for AAAMX
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