Looking to diversify beyond ACAAX? The mutual funds below have historically moved differently from ACAAX, 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 ACAAX
0 mutual funds have low correlation with ACAAX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Wellesley Income Fund Admiral Shares (VWIAX) (Diversified Portfolio) with a 1Y correlation of 0.31, down from 0.44 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Wellesley Income Fund Admiral Shares | 0.31 | 0.33 | 0.44 | 70 | Diversified Portfolio | ACAAX vs VWIAX | |
| Alger Health Sciences Fund | 0.35 | 0.43 | 0.57 | 96 | Health & Biotech Equities | ACAAX vs AHSAX | |
| Davis New York Venture Fund Class Y | 0.54 | 0.63 | 0.72 | 90 | Large Cap Growth Equities | ACAAX vs DNVYX | |
| ICON Equity Fund | 0.58 | 0.53 | 0.66 | 80 | Large Cap Growth Equities | ACAAX vs IOLZX | |
| Vanguard Developed Markets Index Fund Admiral Shar... | 0.60 | 0.58 | 0.66 | 76 | Foreign Large Cap Equities | ACAAX vs VTMGX |
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