Looking to diversify beyond ACITX? The mutual funds below have the lowest correlation with ACITX — 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 ACITX.
Best Diversifiers for ACITX
3 mutual funds have low correlation with ACITX (below 0.3), 0 of which are negatively correlated. The least correlated is American Century Equity Income Fund Class I (ACIIX) (Large Cap Value Equities) with a 1Y correlation of 0.24, roughly unchanged from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Century Equity Income Fund Class I | 0.24 | 0.24 | 0.18 | 52 | Large Cap Value Equities | ACITX vs ACIIX | |
| American Century Equity Income Fund | 0.25 | 0.25 | 0.19 | 51 | Large Cap Value Equities | ACITX vs TWEIX | |
| American Century Disciplined Core Value Fund | 0.29 | 0.22 | 0.15 | 82 | Large Cap Value Equities | ACITX vs BIGRX | |
| Allspring Real Return Fund | 0.33 | 0.50 | 0.65 | 87 | Inflation-Protected Bonds | ACITX vs IPBAX | |
| American Century California High Yield Municipal F... | 0.46 | 0.53 | 0.43 | 72 | Municipal Bonds | ACITX vs BCHYX |
See all 17 diversifiers for ACITX
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