Looking to diversify beyond AAAPX? The mutual funds below have the lowest correlation with AAAPX — 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 AAAPX.
Best Diversifiers for AAAPX
5 mutual funds have low correlation with AAAPX (below 0.3), 0 of which are negatively correlated. The least correlated is DWS Global High Income Fund (MGHYX) (High Yield Bonds) with a 1Y correlation of 0.28, down from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DWS Global High Income Fund | 0.28 | 0.41 | 0.47 | 75 | High Yield Bonds | AAAPX vs MGHYX | |
| Nuveen Multi-Asset Income Fund | 0.28 | 0.45 | — | 61 | Global Allocation | AAAPX vs NMAI | |
| DWS Emerging Markets Equity Fund | 0.29 | 0.45 | 0.51 | 77 | Emerging Markets Diversified | AAAPX vs SEMGX | |
| DWS Equity 500 Index Fund | 0.30 | 0.49 | 0.60 | 64 | Large Cap Blend Equities | AAAPX vs BTIIX | |
| DWS S&P 500 Index Fund | 0.30 | 0.49 | 0.61 | 61 | S&P 500 | AAAPX vs SCPIX |
See all 27 diversifiers for AAAPX
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