Looking to diversify beyond AAMTX? The mutual funds below have the lowest correlation with AAMTX — 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 AAMTX.
Best Diversifiers for AAMTX
0 mutual funds have low correlation with AAMTX (below 0.3), 0 of which are negatively correlated. The least correlated is Dimensional Retirement Income Fund (TDIFX) (Target Retirement Date) with a 1Y correlation of 0.76, roughly unchanged from 0.74 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Dimensional Retirement Income Fund | 0.76 | 0.76 | 0.74 | 77 | Target Retirement Date | AAMTX vs TDIFX | |
| Prudential Day One Income Fund | 0.80 | 0.79 | 0.81 | 79 | Target Retirement Date | AAMTX vs PDAHX | |
| MFS Lifetime 2025 Fund | 0.80 | 0.81 | 0.86 | 61 | Target Retirement Date | AAMTX vs LTTIX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 0.81 | 0.72 | 0.70 | 65 | Target Retirement Date | AAMTX vs FRIMX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | 0.81 | 0.73 | 0.74 | 70 | Target Retirement Date | AAMTX vs FRQHX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AAMTX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AAMTX and solid risk/return profiles. The least correlated is Tesla, Inc. (TSLA) (Consumer Cyclical) with a 1Y correlation of 0.51, roughly unchanged from 0.55 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tesla, Inc. | 0.51 | 0.52 | 0.55 | 59 | Consumer Cyclical | |
| NVIDIA Corporation | 0.54 | 0.58 | 0.66 | 76 | Technology | |
| Micron Technology, Inc. | 0.55 | 0.58 | 0.60 | 99 | Technology | |
| Amazon.com, Inc | 0.57 | 0.61 | 0.66 | 52 | Consumer Cyclical | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.66 | 0.66 | 0.66 | 95 | Technology |
Build a portfolio that complements AAMTX
Add AAMTX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with AAMTX