Looking to diversify beyond AACSX? The mutual funds below have the lowest correlation with AACSX — 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 AACSX.
Best Diversifiers for AACSX
1 mutual funds have low correlation with AACSX (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 0.22, roughly unchanged from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Century California High Yield Municipal F... | 0.22 | 0.23 | 0.19 | 67 | Municipal Bonds | AACSX vs BCHYX | |
| Dimensional Retirement Income Fund | 0.76 | 0.80 | 0.76 | 83 | Target Retirement Date | AACSX vs TDIFX | |
| Prudential Day One Income Fund | 0.84 | 0.85 | 0.86 | 85 | Target Retirement Date | AACSX vs PDAHX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 0.84 | 0.78 | 0.75 | 72 | Target Retirement Date | AACSX vs FRIMX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | 0.84 | 0.79 | 0.79 | 75 | Target Retirement Date | AACSX vs FRQHX |
See all 42 diversifiers for AACSX
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