Looking to diversify beyond ACFOX? The mutual funds below have historically moved differently from ACFOX, 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 ACFOX
17 mutual funds have low correlation with ACFOX (below 0.3), 0 of which are negatively correlated. The least correlated is American Century Short Duration Inflation Protection Bond Fund Investor Class (APOIX) (Inflation-Protected Bonds) with a 1Y correlation of 0.12, roughly unchanged from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Century Short Duration Inflation Protecti... | 0.12 | 0.06 | 0.11 | 80 | Inflation-Protected Bonds | ACFOX vs APOIX | |
| American Century Equity Income Fund Class I | 0.14 | 0.25 | 0.43 | 84 | Dividend, Large Cap Value Equities | ACFOX vs ACIIX | |
| T. Rowe Price Maryland Tax Free Bond Fund | 0.14 | 0.08 | 0.11 | 92 | Municipal Bonds | ACFOX vs MDXBX | |
| American Century Short-Term Government Fund | 0.15 | 0.03 | 0.04 | 76 | Government Bonds | ACFOX vs TWUSX | |
| American Century Equity Income Fund | 0.15 | 0.25 | 0.43 | 83 | Dividend, Large Cap Value Equities | ACFOX vs TWEIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ACFOX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.27, down from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.27 | -0.09 | 0.06 | 84 | Energy | |
| Johnson & Johnson | -0.21 | -0.16 | -0.01 | 97 | Healthcare | |
| Bristol-Myers Squibb Company | -0.03 | -0.00 | 0.06 | 92 | Healthcare |
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