Looking to diversify beyond AAATX? The mutual funds below have the lowest correlation with AAATX — 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 AAATX.
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 0.36, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Funds Short-Term Tax Exempt Bond Fund | 0.36 | 0.32 | 0.26 | 76 | Municipal Bonds | AAATX vs ASTEX | |
| American Funds Limited Term Tax-Exempt Bond Fund | 0.42 | 0.37 | 0.32 | 65 | Municipal Bonds | AAATX vs LTEBX | |
| Voya Target Retirement 2040 Fund | 0.78 | 0.85 | 0.86 | 82 | Target Retirement Date | AAATX vs IRSOX | |
| Dimensional 2060 Target Date Retirement Income Fun... | 0.78 | 0.81 | 0.84 | 80 | Target Retirement Date | AAATX vs DRILX | |
| Dimensional 2055 Target Date Retirement Income Fun... | 0.78 | 0.82 | 0.85 | 79 | Target Retirement Date | AAATX vs DRIKX |
See all 69 diversifiers for AAATX
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