Looking to diversify beyond ACEIX? The mutual funds below have historically moved differently from ACEIX, 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 ACEIX
33 mutual funds have low correlation with ACEIX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.02, down from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.02 | 0.10 | 0.22 | 83 | Diversified Portfolio | ACEIX vs SIFAX | |
| Invesco Balanced-Risk Commodity Strategy Fund Clas... | 0.01 | 0.09 | 0.20 | 77 | Commodities | ACEIX vs BRCAX | |
| Invesco Balanced-Risk Commodity Strategy Fund | 0.01 | 0.10 | 0.21 | 78 | Commodities | ACEIX vs BRCYX | |
| Invesco Short Term Municipal Fund | 0.04 | 0.07 | 0.05 | 76 | Municipal Bonds | ACEIX vs ORSYX | |
| Invesco Floating Rate ESG Fund | 0.04 | 0.19 | 0.24 | 61 | Bank Loan | ACEIX vs AFRAX |
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