Looking to diversify beyond ACEYX? The mutual funds below have the lowest correlation with ACEYX — 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 ACEYX.
Best Diversifiers for ACEYX
2 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 0.14, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AB Municipal Income Shares | 0.14 | 0.05 | 0.09 | 62 | High Yield Muni | ACEYX vs MISHX | |
| AB High Income Fund | 0.29 | 0.24 | 0.28 | 76 | High Yield Bonds | ACEYX vs AGDAX | |
| Matthews China Small Companies Fund | 0.68 | 0.78 | 0.81 | 91 | China Equities | ACEYX vs MCSMX | |
| Morgan Stanley China A Share Fund | 0.69 | 0.71 | 0.72 | 87 | China Equities | ACEYX vs CAF | |
| Fidelity Advisor China Region Fund Class I | 0.72 | 0.79 | 0.84 | 95 | China Equities | ACEYX vs FHKIX |
See all 13 diversifiers for ACEYX
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