Looking to diversify beyond AAEKX? The mutual funds below have the lowest correlation with AAEKX — 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 AAEKX.
Best Diversifiers for AAEKX
1 mutual funds have low correlation with AAEKX (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 | 0.18 | 0.15 | 67 | Municipal Bonds | AAEKX vs BCHYX | |
| Dimensional Retirement Income Fund | 0.73 | 0.76 | 0.73 | 83 | Target Retirement Date | AAEKX vs TDIFX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.79 | 0.74 | 0.74 | 72 | Target Retirement Date | AAEKX vs FRQIX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 0.79 | 0.73 | 0.70 | 72 | Target Retirement Date | AAEKX vs FRIMX | |
| Fidelity Managed Retirement 2010 Fund Class K | 0.79 | 0.73 | 0.74 | 74 | Target Retirement Date | AAEKX vs FRQKX |
See all 36 diversifiers for AAEKX
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