Looking to diversify beyond AABWX? The mutual funds below have the lowest correlation with AABWX — 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 AABWX.
Best Diversifiers for AABWX
1 mutual funds have low correlation with AABWX (below 0.3), 0 of which are negatively correlated. The least correlated is American Century California High Yield Municipal Fund (BCHYX) (Municipal Bonds) with a 1Y correlation of 0.27, roughly unchanged from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Century California High Yield Municipal F... | 0.27 | 0.30 | 0.25 | 67 | Municipal Bonds | AABWX vs BCHYX | |
| Dimensional Retirement Income Fund | 0.78 | 0.84 | 0.81 | 83 | Target Retirement Date | AABWX vs TDIFX | |
| Dimensional 2060 Target Date Retirement Income Fun... | 0.86 | 0.90 | 0.93 | 83 | Target Retirement Date | AABWX vs DRILX | |
| Dimensional 2065 Target Date Retirement Income Fun... | 0.86 | 0.88 | 0.92 | 83 | Target Retirement Date | AABWX vs DTDRX | |
| Voya Target In-Retirement Fund | 0.86 | 0.90 | 0.89 | 82 | Target Retirement Date | AABWX vs ISOLX |
See all 41 diversifiers for AABWX
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