Looking to diversify beyond AAATX? The mutual funds below have historically moved differently from AAATX, 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 AAATX
0 mutual funds have low correlation with AAATX (below 0.3), 0 of which are negatively correlated. The least correlated is American Funds Short-Term Tax Exempt Bond Fund (ASTEX) (Municipal Bonds) with a 1Y correlation of 0.37, roughly unchanged from 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Funds Short-Term Tax Exempt Bond Fund | 0.37 | 0.31 | 0.27 | 74 | Municipal Bonds | AAATX vs ASTEX | |
| American Funds Limited Term Tax-Exempt Bond Fund | 0.43 | 0.36 | 0.33 | 57 | Municipal Bonds | AAATX vs LTEBX | |
| American Funds EUPAC Fund Class R-6 | 0.76 | 0.74 | 0.77 | 51 | Foreign Large Cap Equities, Large Cap Growth Equities, Actively Managed | AAATX vs RERGX | |
| Voya Target Retirement 2040 Fund | 0.76 | 0.84 | 0.86 | 75 | Target Retirement Date | AAATX vs IRSOX | |
| Dimensional 2060 Target Date Retirement Income Fun... | 0.77 | 0.81 | 0.84 | 77 | Target Retirement Date | AAATX vs DRILX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements AAATX
Add AAATX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with AAATX