Looking to diversify beyond ACIIX? The mutual funds below have the lowest correlation with ACIIX — 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 ACIIX.
Best Diversifiers for ACIIX
14 mutual funds have low correlation with ACIIX (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 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Century Short Duration Inflation Protecti... | 0.09 | 0.14 | 0.16 | 82 | Inflation-Protected Bonds | ACIIX vs APOIX | |
| Federated Hermes Institutional High Yield Bond Fun... | 0.10 | 0.28 | 0.38 | 67 | High Yield Bonds | ACIIX vs FIHBX | |
| American Century California High Yield Municipal F... | 0.13 | 0.15 | 0.11 | 61 | Municipal Bonds | ACIIX vs BCHYX | |
| American Century High-Yield Municipal Fund | 0.13 | 0.14 | 0.11 | 57 | High Yield Muni | ACIIX vs ABHYX | |
| American Century California Intermediate-Term Tax-... | 0.14 | 0.14 | 0.10 | 69 | Municipal Bonds | ACIIX vs BCITX |
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