Looking to diversify beyond ACLAX? The mutual funds below have historically moved differently from ACLAX, 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 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 0.20, up from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Century California High Yield Municipal F... | 0.20 | 0.16 | 0.10 | 87 | Municipal Bonds | ACLAX vs BCHYX | |
| Fidelity Flex 500 Index Fund | 0.45 | 0.57 | 0.70 | 59 | Large Cap Blend Equities | ACLAX vs FDFIX | |
| Invesco Value Opportunities Fund Class Y | 0.54 | 0.65 | 0.77 | 74 | Mid Cap Value Equities | ACLAX vs VVOIX | |
| Invesco Value Opportunities Fund | 0.56 | 0.66 | 0.78 | 74 | Mid Cap Value Equities | ACLAX vs VVOAX | |
| Invesco V.I. American Value Fund | 0.56 | 0.66 | 0.78 | 72 | Mid Cap Value Equities | ACLAX vs UMCVX |
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