Looking to diversify beyond ACAZX? The mutual funds below have the lowest correlation with ACAZX — 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 ACAZX.
Best Diversifiers for ACAZX
0 mutual funds have low correlation with ACAZX (below 0.3), 0 of which are negatively correlated. The least correlated is Alger Health Sciences Fund (AHSAX) (Health & Biotech Equities) with a 1Y correlation of 0.34, down from 0.57 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Alger Health Sciences Fund | 0.34 | 0.43 | 0.57 | 92 | Health & Biotech Equities | ACAZX vs AHSAX | |
| BNY Mellon Dynamic Value Fund Class I | 0.44 | 0.48 | 0.60 | 85 | Large Cap Value Equities | ACAZX vs DRGVX | |
| Baron Partners Fund | 0.46 | 0.56 | 0.68 | 75 | Large Cap Growth Equities | ACAZX vs BPTRX | |
| Davis New York Venture Fund Class Y | 0.53 | 0.63 | 0.72 | 81 | Large Cap Growth Equities | ACAZX vs DNVYX | |
| ICON Equity Fund | 0.55 | 0.52 | 0.66 | 76 | Large Cap Growth Equities | ACAZX vs IOLZX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ACAZX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ACAZX and solid risk/return profiles. The least correlated is Realty Income Corporation (O) (Real Estate) with a 1Y correlation of -0.25, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Realty Income Corporation | -0.25 | -0.11 | 0.12 | 72 | Real Estate |
Build a portfolio that complements ACAZX
Add ACAZX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ACAZX