Looking to diversify beyond AAAMX? The mutual funds below have historically moved differently from AAAMX, 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 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 0.37, roughly unchanged from 0.32 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Century California High Yield Municipal F... | 0.37 | 0.34 | 0.32 | 72 | Municipal Bonds | AAAMX vs BCHYX | |
| American Century Equity Income Fund Class I | 0.57 | 0.65 | 0.72 | 88 | Dividend, Large Cap Value Equities | AAAMX vs ACIIX | |
| American Century Equity Income Fund | 0.57 | 0.65 | 0.71 | 87 | Dividend, Large Cap Value Equities | AAAMX vs TWEIX | |
| American Century Disciplined Core Value Fund | 0.83 | 0.80 | 0.80 | 94 | Large Cap Value Equities | AAAMX vs BIGRX | |
| Dimensional Retirement Income Fund | 0.85 | 0.87 | 0.86 | 83 | Target Retirement Date | AAAMX vs TDIFX |
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