Looking to diversify beyond AAGOX? The mutual funds below have the lowest correlation with AAGOX — 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 AAGOX.
Best Diversifiers for AAGOX
0 mutual funds have low correlation with AAGOX (below 0.3), 0 of which are negatively correlated. The least correlated is Alger Health Sciences Fund (AHSAX) (Health & Biotech Equities) with a 1Y correlation of 0.35, down from 0.59 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Alger Health Sciences Fund | 0.35 | 0.46 | 0.59 | 93 | Health & Biotech Equities | AAGOX vs AHSAX | |
| Davis New York Venture Fund Class Y | 0.50 | 0.63 | 0.71 | 83 | Large Cap Growth Equities | AAGOX vs DNVYX | |
| ICON Equity Fund | 0.58 | 0.55 | 0.67 | 73 | Large Cap Growth Equities | AAGOX vs IOLZX | |
| Adams Diversified Equity Fund, Inc. | 0.62 | 0.73 | 0.81 | 83 | Large Cap Blend Equities | AAGOX vs ADX | |
| Vanguard PRIMECAP Fund Investor Shares | 0.68 | 0.75 | 0.82 | 90 | Large Cap Growth Equities | AAGOX vs VPMCX |
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