Looking to diversify beyond ACEIX? The mutual funds below have the lowest correlation with ACEIX — 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 ACEIX.
Best Diversifiers for ACEIX
33 mutual funds have low correlation with ACEIX (below 0.3), 0 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 0.01, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | 0.01 | 0.13 | 0.23 | 58 | Diversified Portfolio | ACEIX vs SIFAX | |
| Invesco Short Term Municipal Fund | 0.03 | 0.06 | 0.04 | 81 | Municipal Bonds | ACEIX vs ORSYX | |
| Invesco Balanced-Risk Commodity Strategy Fund Clas... | 0.03 | 0.12 | 0.22 | 66 | Commodities | ACEIX vs BRCAX | |
| Invesco Balanced-Risk Commodity Strategy Fund | 0.04 | 0.12 | 0.22 | 67 | Commodities | ACEIX vs BRCYX | |
| Invesco Floating Rate ESG Fund | 0.05 | 0.19 | 0.24 | 52 | Bank Loan | ACEIX vs AFRAX |
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