Looking to diversify beyond AADTX? The mutual funds below have historically moved differently from AADTX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for AADTX
0 mutual funds have low correlation with AADTX (below 0.3), 0 of which are negatively correlated. The least correlated is American Funds American High-Income Trust (AHITX) (High Yield Bonds) with a 1Y correlation of 0.70, roughly unchanged from 0.65 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Funds American High-Income Trust | 0.70 | 0.65 | 0.65 | 70 | High Yield Bonds | AADTX vs AHITX | |
| JPMorgan Equity Income Fund R6 | 0.71 | 0.73 | 0.79 | 89 | Large Cap Value Equities, Dividend | AADTX vs OIEJX | |
| American Funds The Income Fund of America Class A | 0.79 | 0.87 | 0.89 | 81 | Diversified Portfolio, Dividend | AADTX vs AMECX | |
| Voya Target Retirement 2050 Fund | 0.83 | 0.89 | 0.91 | 74 | Target Retirement Date | AADTX vs IRSQX | |
| American Funds EUPAC Fund Class R-6 | 0.84 | 0.81 | 0.84 | 51 | Foreign Large Cap Equities, Large Cap Growth Equities, Actively Managed | AADTX vs RERGX |
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