Looking to diversify beyond AADVX? The mutual funds below have the lowest correlation with AADVX — 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 AADVX.
Best Diversifiers for AADVX
1 mutual funds have low correlation with AADVX (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 0.21, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Century California High Yield Municipal F... | 0.21 | 0.19 | 0.15 | 72 | Municipal Bonds | AADVX vs BCHYX | |
| American Century Equity Income Fund | 0.62 | 0.66 | 0.75 | 51 | Large Cap Value Equities | AADVX vs TWEIX | |
| Dimensional Retirement Income Fund | 0.77 | 0.77 | 0.74 | 77 | Target Retirement Date | AADVX vs TDIFX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.81 | 0.75 | 0.74 | 65 | Target Retirement Date | AADVX vs FRQIX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | 0.81 | 0.75 | 0.75 | 70 | Target Retirement Date | AADVX vs FRQHX |
See all 58 diversifiers for AADVX
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