Looking to diversify beyond AAETX? The mutual funds below have historically moved differently from AAETX, 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 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 Equities) with a 1Y correlation of 0.58, roughly unchanged from 0.58 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Emerging Markets Equity Index Fund | 0.58 | 0.53 | 0.58 | 65 | Emerging Markets Equities | AAETX vs SSKEX | |
| MFS Total Return Fund | 0.59 | 0.75 | 0.84 | 68 | Diversified Portfolio | AAETX vs MSFRX | |
| American Funds The Income Fund of America Class A | 0.75 | 0.84 | 0.88 | 81 | Diversified Portfolio, Dividend | AAETX vs AMECX | |
| Invesco Discovery Fund | 0.76 | 0.79 | 0.83 | 54 | Small Cap Growth Equities | AAETX vs OPOCX | |
| Principal Equity Income Fund | 0.76 | 0.80 | 0.85 | 84 | Dividend, Large Cap Value Equities | AAETX vs PQIAX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements AAETX
Add AAETX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with AAETX