Looking to diversify beyond AAOTX? The mutual funds below have historically moved differently from AAOTX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for AAOTX
0 mutual funds have low correlation with AAOTX (below 0.3), 0 of which are negatively correlated. The least correlated is American Funds The Income Fund of America Class A (AMECX) (Diversified Portfolio) with a 1Y correlation of 0.65, down from 0.82 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Funds The Income Fund of America Class A | 0.65 | 0.77 | 0.82 | 81 | Diversified Portfolio, Dividend | AAOTX vs AMECX | |
| Dimensional Retirement Income Fund | 0.77 | 0.76 | 0.73 | 81 | Target Retirement Date | AAOTX vs TDIFX | |
| Prudential Day One Income Fund | 0.80 | 0.79 | 0.81 | 85 | Target Retirement Date | AAOTX vs PDAHX | |
| Fidelity Freedom Index Income Fund Institutional P... | 0.84 | 0.72 | 0.70 | 70 | Target Retirement Date | AAOTX vs FFGZX | |
| American Funds Washington Mutual Investors Fund Cl... | 0.84 | 0.90 | 0.91 | 60 | Large Cap Blend Equities | AAOTX vs AWSHX |
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