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 0.13, roughly unchanged from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DWS Massachusetts Tax Free Fund | 0.13 | 0.24 | 0.21 | 74 | Municipal Bonds | AAAZX vs SCMAX | |
| DWS Science and Technology Fund | 0.15 | 0.29 | 0.42 | 58 | Technology Equities | AAAZX vs KTCAX | |
| DWS Strategic High Yield Tax | 0.16 | 0.26 | 0.22 | 65 | High Yield Muni | AAAZX vs SHYTX | |
| DWS Short Term Municipal Bond Fund | 0.16 | 0.20 | 0.17 | 70 | Municipal Bonds | AAAZX vs MGSMX | |
| DWS California Tax | 0.16 | 0.26 | 0.21 | 64 | Municipal Bonds | AAAZX vs KCTAX |
See all 43 diversifiers for AAAZX
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Diversification Analysis
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