Looking to diversify beyond ACAZX? The mutual funds below have historically moved differently from ACAZX, 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 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 0.35, down from 0.57 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Alger Health Sciences Fund | 0.35 | 0.43 | 0.57 | 96 | Health & Biotech Equities | ACAZX vs AHSAX | |
| BNY Mellon Dynamic Value Fund Class I | 0.44 | 0.48 | 0.60 | 88 | Large Cap Value Equities | ACAZX vs DRGVX | |
| Davis New York Venture Fund Class Y | 0.54 | 0.62 | 0.71 | 90 | Large Cap Growth Equities | ACAZX vs DNVYX | |
| ICON Equity Fund | 0.59 | 0.53 | 0.66 | 80 | Large Cap Growth Equities | ACAZX vs IOLZX | |
| American Growth Fund Series One | 0.63 | 0.69 | 0.77 | 56 | Large Cap Growth Equities | ACAZX vs AMRGX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ACAZX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Realty Income Corporation (O) (Real Estate) with a 1Y correlation of -0.25, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Realty Income Corporation | -0.25 | -0.11 | 0.11 | 77 | Real Estate |
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