Looking to diversify beyond AALGX? The mutual funds below have the lowest correlation with AALGX — 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 AALGX.
Best Diversifiers for AALGX
2 mutual funds have low correlation with AALGX (below 0.3), 0 of which are negatively correlated. The least correlated is Thrivent High Income Municipal Bond Fund (THMBX) (High Yield Muni) with a 1Y correlation of 0.18, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Thrivent High Income Municipal Bond Fund | 0.18 | 0.16 | 0.14 | 70 | High Yield Muni | AALGX vs THMBX | |
| Thrivent Municipal Bond Fund | 0.22 | 0.18 | 0.13 | 53 | Municipal Bonds | AALGX vs AAMBX | |
| Thrivent Limited Maturity Bond Fund | 0.33 | 0.21 | 0.18 | 80 | Short-Term Bond | AALGX vs THLIX | |
| Russell Investment Tax-Managed Real Assets Fund | 0.59 | 0.69 | 0.77 | 80 | Global Equities | AALGX vs RTXAX | |
| Polaris Global Value Fund | 0.61 | 0.73 | 0.79 | 89 | Global Equities | AALGX vs PGVFX |
See all 32 diversifiers for AALGX
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