Looking to diversify beyond AADVX? The mutual funds below have historically moved differently from AADVX, 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 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 0.27, up from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Century California High Yield Municipal F... | 0.27 | 0.19 | 0.16 | 87 | Municipal Bonds | AADVX vs BCHYX | |
| American Century Equity Income Fund | 0.53 | 0.64 | 0.73 | 83 | Dividend, Large Cap Value Equities | AADVX vs TWEIX | |
| Dimensional Retirement Income Fund | 0.79 | 0.77 | 0.74 | 81 | Target Retirement Date | AADVX vs TDIFX | |
| Dimensional 2015 Target Date Retirement Income Fun... | 0.81 | 0.72 | 0.67 | 53 | Target Retirement Date | AADVX vs DRIQX | |
| Prudential Day One Income Fund | 0.84 | 0.81 | 0.83 | 85 | Target Retirement Date | AADVX vs PDAHX |
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