Looking to diversify beyond AAEFX? The mutual funds below have the lowest correlation with AAEFX — 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 AAEFX.
Best Diversifiers for AAEFX
1 mutual funds have low correlation with AAEFX (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 0.19, 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... | 0.19 | 0.19 | 0.15 | 67 | Municipal Bonds | AAEFX vs BCHYX | |
| Dimensional Retirement Income Fund | 0.72 | 0.76 | 0.73 | 83 | Target Retirement Date | AAEFX vs TDIFX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | 0.79 | 0.74 | 0.74 | 75 | Target Retirement Date | AAEFX vs FRQHX | |
| Fidelity Managed Retirement 2010 Fund Class K | 0.79 | 0.74 | 0.74 | 74 | Target Retirement Date | AAEFX vs FRQKX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.79 | 0.74 | 0.74 | 72 | Target Retirement Date | AAEFX vs FRQIX |
See all 33 diversifiers for AAEFX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements AAEFX
Add AAEFX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with AAEFX