Looking to diversify beyond AAETX? The mutual funds below have the lowest correlation with AAETX — 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 AAETX.
Best Diversifiers for AAETX
0 mutual funds have low correlation with AAETX (below 0.3), 0 of which are negatively correlated. The least correlated is State Street Emerging Markets Equity Index Fund (SSKEX) (Emerging Markets Diversified) with a 1Y correlation of 0.53, roughly unchanged from 0.57 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Emerging Markets Equity Index Fund | 0.53 | 0.53 | 0.57 | 89 | Emerging Markets Diversified | AAETX vs SSKEX | |
| Principal Equity Income Fund | 0.76 | 0.80 | 0.86 | 71 | Large Cap Value Equities | AAETX vs PQIAX | |
| Invesco Discovery Fund | 0.78 | 0.80 | 0.83 | 79 | Small Cap Growth Equities | AAETX vs OPOCX | |
| Dimensional Retirement Income Fund | 0.80 | 0.84 | 0.82 | 77 | Target Retirement Date | AAETX vs TDIFX | |
| Vanguard Small-Cap Index Fund Institutional Shares | 0.82 | 0.84 | 0.87 | 55 | Small Cap Blend Equities | AAETX vs VSCIX |
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