Looking to diversify beyond ACBPX? The mutual funds below have historically moved differently from ACBPX, 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 ACBPX
3 mutual funds have low correlation with ACBPX (below 0.3), 0 of which are negatively correlated. The least correlated is American Century Equity Income Fund Class I (ACIIX) (Dividend) with a 1Y correlation of 0.22, roughly unchanged from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Century Equity Income Fund Class I | 0.22 | 0.24 | 0.16 | 84 | Dividend, Large Cap Value Equities | ACBPX vs ACIIX | |
| American Century Equity Income Fund | 0.24 | 0.25 | 0.17 | 83 | Dividend, Large Cap Value Equities | ACBPX vs TWEIX | |
| American Century Disciplined Core Value Fund | 0.30 | 0.22 | 0.12 | 90 | Large Cap Value Equities | ACBPX vs BIGRX | |
| American Century California High Yield Municipal F... | 0.64 | 0.67 | 0.61 | 87 | Municipal Bonds | ACBPX vs BCHYX | |
| Hartford Schroders Tax-Aware Bond Fund | 0.69 | 0.72 | 0.69 | 64 | Intermediate Core Bond | ACBPX vs STWTX |
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