Looking to diversify beyond ACIHX? The mutual funds below have historically moved differently from ACIHX, 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 ACIHX
16 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 0.09, roughly unchanged from 0.06 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Century Short Duration Inflation Protecti... | 0.09 | 0.06 | — | 80 | Inflation-Protected Bonds | ACIHX vs APOIX | |
| American Century Equity Income Fund | 0.13 | 0.26 | — | 83 | Dividend, Large Cap Value Equities | ACIHX vs TWEIX | |
| American Century Equity Income Fund Class I | 0.13 | 0.26 | — | 84 | Dividend, Large Cap Value Equities | ACIHX vs ACIIX | |
| American Century Intermediate-Term Tax-Free Bond F... | 0.16 | 0.10 | — | 66 | Municipal Bonds | ACIHX vs TWTIX | |
| American Century Mid Cap Value Fund | 0.18 | 0.32 | — | 70 | Mid Cap Value Equities | ACIHX vs ACMVX |
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