Looking to diversify beyond AAHYX? The mutual funds below have the lowest correlation with AAHYX — 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 AAHYX.
Best Diversifiers for AAHYX
2 mutual funds have low correlation with AAHYX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.16, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.16 | 0.07 | 0.16 | 73 | Diversified Portfolio | AAHYX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.08 | 0.18 | 0.42 | 64 | Diversified Portfolio | AAHYX vs MHELX | |
| Thrivent High Income Municipal Bond Fund | 0.34 | 0.43 | 0.39 | 70 | High Yield Muni | AAHYX vs THMBX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.36 | 0.55 | 0.59 | 95 | Diversified Portfolio | AAHYX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.37 | 0.55 | 0.60 | 96 | Diversified Portfolio | AAHYX vs FIQDX |
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