Looking to diversify beyond AAAPX? The mutual funds below have historically moved differently from AAAPX, 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 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 0.24, down from 0.46 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DWS Global High Income Fund | 0.24 | 0.39 | 0.46 | 74 | High Yield Bonds | AAAPX vs MGHYX | |
| Nuveen Multi-Asset Income Fund | 0.28 | 0.44 | — | 67 | Global Allocation | AAAPX vs NMAI | |
| DWS S&P 500 Index Fund | 0.29 | 0.48 | 0.60 | 56 | S&P 500 | AAAPX vs SCPIX | |
| DWS Equity 500 Index Fund | 0.29 | 0.48 | 0.60 | 59 | Large Cap Blend Equities | AAAPX vs BTIIX | |
| DWS Core Equity Fund | 0.30 | 0.50 | 0.61 | 63 | Large Cap Blend Equities | AAAPX vs SCDGX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements AAAPX
Add AAAPX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with AAAPX