Looking to diversify beyond ACLAX? The mutual funds below have the lowest correlation with ACLAX — 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 ACLAX.
Best Diversifiers for ACLAX
1 mutual funds have low correlation with ACLAX (below 0.3), 0 of which are negatively correlated. The least correlated is American Century California High Yield Municipal Fund (BCHYX) (Municipal Bonds) with a 1Y correlation of 0.13, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Century California High Yield Municipal F... | 0.13 | 0.15 | 0.09 | 61 | Municipal Bonds | ACLAX vs BCHYX | |
| Fidelity Flex 500 Index Fund | 0.54 | 0.59 | 0.72 | 72 | Large Cap Blend Equities | ACLAX vs FDFIX | |
| Meeder Quantex Fund | 0.55 | 0.66 | 0.80 | 54 | Mid Cap Value Equities | ACLAX vs FLCGX | |
| Invesco Value Opportunities Fund Class Y | 0.67 | 0.72 | 0.81 | 81 | Mid Cap Value Equities | ACLAX vs VVOIX | |
| Invesco Value Opportunities Fund | 0.68 | 0.72 | 0.81 | 80 | Mid Cap Value Equities | ACLAX vs VVOAX |
See all 40 diversifiers for ACLAX
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