Looking to diversify beyond ACINX? The mutual funds below have historically moved differently from ACINX, 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 ACINX
0 mutual funds have low correlation with ACINX (below 0.3), 0 of which are negatively correlated. The least correlated is Columbia Dividend Income Fund Institutional 3 Class (CDDYX) (Large Cap Value Equities) with a 1Y correlation of 0.55, down from 0.65 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Columbia Dividend Income Fund Institutional 3 Clas... | 0.55 | 0.61 | 0.65 | 90 | Large Cap Value Equities, Dividend | ACINX vs CDDYX | |
| Columbia Dividend Income Fund Class A | 0.55 | 0.62 | 0.65 | 89 | Large Cap Value Equities | ACINX vs LBSAX | |
| AMG Yacktman Special Opportunities Fund | 0.56 | 0.58 | 0.65 | 55 | Foreign Small & Mid Cap Equities | ACINX vs YASLX | |
| Columbia Dividend Income Fund | 0.57 | 0.62 | 0.65 | 90 | Large Cap Value Equities | ACINX vs GSFTX | |
| Kopernik Global All-Cap Fund Class A | 0.58 | 0.51 | 0.58 | 65 | Foreign Small & Mid Cap Equities | ACINX vs KGGAX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ACINX, 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 BlackRock Science and Technology Term Trust (BSTZ) (Financial Services) with a 1Y correlation of 0.56, down from 0.66 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BlackRock Science and Technology Term Trust | 0.56 | 0.59 | 0.66 | 87 | Financial Services |
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