Looking to diversify beyond AAFTX? The mutual funds below have the lowest correlation with AAFTX — 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 AAFTX.
Best Diversifiers for AAFTX
0 mutual funds have low correlation with AAFTX (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco Developing Markets Fund (ODMAX) (Emerging Markets Diversified) with a 1Y correlation of 0.75, roughly unchanged from 0.72 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Developing Markets Fund | 0.75 | 0.70 | 0.72 | 65 | Emerging Markets Diversified | AAFTX vs ODMAX | |
| American Funds The Income Fund of America Class A | 0.77 | 0.84 | 0.87 | 57 | Diversified Portfolio, Dividend | AAFTX vs AMECX | |
| Dimensional Retirement Income Fund | 0.81 | 0.82 | 0.78 | 83 | Target Retirement Date | AAFTX vs TDIFX | |
| Fidelity Blue Chip Growth Fund | 0.82 | 0.83 | 0.87 | 61 | Large Cap Growth Equities | AAFTX vs FBGRX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | 0.83 | 0.79 | 0.79 | 84 | Target Retirement Date | AAFTX vs FRQHX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AAFTX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AAFTX and solid risk/return profiles. The least correlated is PepsiCo, Inc. (PEP) (Consumer Defensive) with a 1Y correlation of -0.06, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| PepsiCo, Inc. | -0.06 | 0.12 | 0.24 | 50 | Consumer Defensive | |
| The Allstate Corporation | -0.04 | 0.13 | 0.27 | 82 | Financial Services | |
| NextEra Energy, Inc. | 0.15 | 0.23 | 0.36 | 72 | Utilities | |
| Apple Inc | 0.41 | 0.46 | 0.60 | 90 | Technology | |
| JPMorgan Chase & Co. | 0.42 | 0.46 | 0.55 | 69 | Financial Services |
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