Looking to diversify beyond AAFTX? The mutual funds below have historically moved differently from AAFTX, 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 AAFTX
1 mutual funds have low correlation with AAFTX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Energy Fund Admiral Shares (VGELX) (Energy Equities) with a 1Y correlation of 0.04, down from 0.45 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Energy Fund Admiral Shares | 0.04 | 0.29 | 0.45 | 91 | Energy Equities | AAFTX vs VGELX | |
| PIMCO Income Fund Institutional Class | 0.53 | 0.44 | 0.49 | 52 | Multisector Bonds | AAFTX vs PIMIX | |
| Dodge & Cox Stock Fund Class I | 0.63 | 0.74 | 0.82 | 56 | Large Cap Value Equities | AAFTX vs DODGX | |
| American Funds The Income Fund of America Class A | 0.72 | 0.83 | 0.86 | 81 | Diversified Portfolio, Dividend | AAFTX vs AMECX | |
| Invesco Developing Markets Fund | 0.77 | 0.71 | 0.72 | 72 | Emerging Markets Equities | AAFTX vs ODMAX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AAFTX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is The Allstate Corporation (ALL) (Financial Services) with a 1Y correlation of -0.13, down from 0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Allstate Corporation | -0.13 | 0.11 | 0.25 | 82 | Financial Services | |
| PepsiCo, Inc. | -0.07 | 0.12 | 0.25 | 50 | Consumer Defensive | |
| NextEra Energy, Inc. | 0.15 | 0.23 | 0.36 | 77 | Utilities | |
| Apple Inc | 0.40 | 0.45 | 0.60 | 89 | Technology | |
| JPMorgan Chase & Co. | 0.44 | 0.47 | 0.55 | 71 | Financial Services |
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