Looking to diversify beyond ACBPX? The mutual funds below have the lowest correlation with ACBPX — 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 ACBPX.
Best Diversifiers for ACBPX
2 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) (Large Cap Value Equities) with a 1Y correlation of 0.26, up from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Century Equity Income Fund Class I | 0.26 | 0.25 | 0.16 | 52 | Large Cap Value Equities | ACBPX vs ACIIX | |
| American Century Equity Income Fund | 0.27 | 0.25 | 0.16 | 51 | Large Cap Value Equities | ACBPX vs TWEIX | |
| American Century Disciplined Core Value Fund | 0.32 | 0.23 | 0.11 | 82 | Large Cap Value Equities | ACBPX vs BIGRX | |
| American Century California High Yield Municipal F... | 0.61 | 0.67 | 0.60 | 72 | Municipal Bonds | ACBPX vs BCHYX | |
| Hartford Schroders Tax-Aware Bond Fund | 0.66 | 0.72 | 0.69 | 53 | Intermediate Core Bond | ACBPX vs STWTX |
See all 7 diversifiers for ACBPX
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