Looking to diversify beyond AAUTX? The mutual funds below have the lowest correlation with AAUTX — 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 AAUTX.
Best Diversifiers for AAUTX
3 mutual funds have low correlation with AAUTX (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 0.15, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Thrivent High Income Municipal Bond Fund | 0.16 | 0.12 | 0.08 | 80 | High Yield Muni | AAUTX vs THMBX | |
| Thrivent Municipal Bond Fund | 0.20 | 0.15 | 0.08 | 64 | Municipal Bonds | AAUTX vs AAMBX | |
| Thrivent Limited Maturity Bond Fund | 0.28 | 0.16 | 0.12 | 76 | Short-Term Bond | AAUTX vs THLIX | |
| Federated Hermes Strategic Value Dividend Fund | 0.49 | 0.61 | 0.72 | 78 | Large Cap Value Equities | AAUTX vs SVAIX | |
| Rational Equity Armor Fund | 0.61 | 0.62 | 0.71 | 55 | Large Cap Value Equities | AAUTX vs HDCTX |
See all 44 diversifiers for AAUTX
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