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
1 mutual funds have low correlation with AAHYX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.06, down from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.06 | 0.16 | 0.42 | 70 | Diversified Portfolio | AAHYX vs MHELX | |
| Thrivent High Income Municipal Bond Fund | 0.34 | 0.44 | 0.39 | 87 | High Yield Muni | AAHYX vs THMBX | |
| Concorde Wealth Management Fund | 0.38 | 0.49 | 0.58 | 69 | Diversified Portfolio | AAHYX vs CONWX | |
| Thrivent Municipal Bond Fund | 0.39 | 0.47 | 0.42 | 71 | Municipal Bonds | AAHYX vs AAMBX | |
| Fidelity Strategic Real Return Fund Class K6 | 0.40 | 0.56 | 0.60 | 88 | Diversified Portfolio | AAHYX vs FSRKX |
See all 34 diversifiers for AAHYX
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