Looking to diversify beyond AAUTX? The mutual funds below have historically moved differently from AAUTX, 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 AAUTX
5 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 0.20, up from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Thrivent High Income Municipal Bond Fund | 0.20 | 0.12 | 0.09 | 92 | High Yield Muni | AAUTX vs THMBX | |
| GQG Partners US Quality Dividend Income Fund | 0.22 | 0.55 | 0.69 | 62 | Quality Factor, Large Cap Value Equities | AAUTX vs GQHPX | |
| Thrivent Municipal Bond Fund | 0.23 | 0.15 | 0.09 | 81 | Municipal Bonds | AAUTX vs AAMBX | |
| Thrivent Limited Maturity Bond Fund | 0.28 | 0.15 | 0.13 | 85 | Short-Term Bond | AAUTX vs THLIX | |
| Voya Corporate Leaders Trust Fund | 0.29 | 0.58 | 0.70 | 93 | Large Cap Value Equities | AAUTX vs LEXCX |
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