Looking to diversify beyond AAAZX? The mutual funds below have the lowest correlation with AAAZX — 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 AAAZX.
Best Diversifiers for AAAZX
11 mutual funds have low correlation with AAAZX (below 0.3), 0 of which are negatively correlated. The least correlated is DWS Massachusetts Tax Free Fund (SCMAX) (Municipal Bonds) with a 1Y correlation of 0.11, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DWS Massachusetts Tax Free Fund | 0.11 | 0.24 | 0.21 | 81 | Municipal Bonds | AAAZX vs SCMAX | |
| DWS California Tax | 0.13 | 0.25 | 0.22 | 75 | Municipal Bonds | AAAZX vs KCTAX | |
| DWS Strategic High Yield Tax | 0.15 | 0.26 | 0.22 | 75 | High Yield Muni | AAAZX vs SHYTX | |
| DWS Short Term Municipal Bond Fund | 0.15 | 0.20 | 0.17 | 70 | Municipal Bonds | AAAZX vs MGSMX | |
| DWS New York Tax | 0.17 | 0.27 | 0.22 | 74 | Municipal Bonds | AAAZX vs KNTAX |
See all 46 diversifiers for AAAZX
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