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
18 mutual funds have low correlation with ACEIX (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco Short Term Municipal Fund (ORSYX) (Municipal Bonds) with a 1Y correlation of 0.04, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Short Term Municipal Fund | 0.04 | 0.06 | 0.04 | 76 | Municipal Bonds | ACEIX vs ORSYX | |
| Invesco Short Duration Inflation Protected Fund | 0.06 | 0.16 | 0.18 | 71 | Inflation-Protected Bonds | ACEIX vs ALMIX | |
| MH Elite Small Cap Fund of Funds Fund | 0.07 | 0.18 | 0.52 | 67 | Diversified Portfolio | ACEIX vs MHELX | |
| Invesco Limited Term California Municipal Fund | 0.11 | 0.13 | 0.09 | 73 | Municipal Bonds | ACEIX vs OLCAX | |
| Invesco Conservative Income Fund | 0.13 | 0.10 | 0.07 | 98 | Ultrashort Bond | ACEIX vs ICIFX |
See all 84 diversifiers for ACEIX
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