Looking to diversify beyond ACIHX? The mutual funds below have the lowest correlation with ACIHX — 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 ACIHX.
Best Diversifiers for ACIHX
11 mutual funds have low correlation with ACIHX (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 0.04, roughly unchanged from 0.05 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Century Short Duration Inflation Protecti... | 0.04 | 0.05 | — | 73 | Inflation-Protected Bonds | ACIHX vs APOIX | |
| American Century Intermediate-Term Tax-Free Bond F... | 0.13 | 0.09 | — | 70 | Municipal Bonds | ACIHX vs TWTIX | |
| American Century Short-Term Government Fund | 0.16 | 0.03 | — | 58 | Government Bonds | ACIHX vs TWUSX | |
| American Century High-Yield Municipal Fund | 0.16 | 0.10 | 0.12 | 68 | High Yield Muni | ACIHX vs ABHYX | |
| American Century California High Yield Municipal F... | 0.17 | 0.11 | — | 72 | Municipal Bonds | ACIHX vs BCHYX |
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