Looking to diversify beyond ACIIX? The mutual funds below have historically moved differently from ACIIX, 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 ACIIX
15 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.
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 | 0.14 | 0.16 | 79 | Inflation-Protected Bonds | ACIIX vs APOIX | |
| American Century California Intermediate-Term Tax-... | 0.14 | 0.14 | 0.10 | 59 | Municipal Bonds | ACIIX vs BCITX | |
| American Century Short-Term Government Fund | 0.15 | 0.12 | 0.09 | 59 | Government Bonds | ACIIX vs TWUSX | |
| American Century Emerging Markets Fund | 0.16 | 0.29 | 0.40 | 70 | Emerging Markets Equities | ACIIX vs TWMIX | |
| American Century California High Yield Municipal F... | 0.17 | 0.15 | 0.11 | 78 | Municipal Bonds | ACIIX vs BCHYX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ACIIX, 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 Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.46, down from 0.70 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.46 | 0.60 | 0.70 | 61 | Financial Services |
Build a portfolio that complements ACIIX
Add ACIIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ACIIX