Looking to diversify beyond ACEYX? The mutual funds below have historically moved differently from ACEYX, 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 ACEYX
1 mutual funds have low correlation with ACEYX (below 0.3), 0 of which are negatively correlated. The least correlated is AB Municipal Income Shares (MISHX) (High Yield Muni) with a 1Y correlation of 0.15, roughly unchanged from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AB Municipal Income Shares | 0.15 | 0.06 | 0.10 | 70 | High Yield Muni | ACEYX vs MISHX | |
| AB High Income Fund | 0.35 | 0.24 | 0.29 | 52 | High Yield Bonds | ACEYX vs AGDAX | |
| Morgan Stanley China A Share Fund | 0.71 | 0.70 | 0.72 | 73 | China Equities, Asia Pacific Equities | ACEYX vs CAF | |
| Fidelity Advisor China Region Fund Class I | 0.75 | 0.78 | 0.84 | 85 | China Equities, Asia Pacific Equities | ACEYX vs FHKIX | |
| Fidelity Advisor China Region Fund Class C | 0.75 | 0.78 | 0.84 | 84 | China Equities, Asia Pacific Equities | ACEYX vs FCHKX |
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