Looking to diversify beyond ACMVX? The mutual funds below have the lowest correlation with ACMVX — 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 ACMVX.
Best Diversifiers for ACMVX
1 mutual funds have low correlation with ACMVX (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 0.14, 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... | 0.14 | 0.15 | 0.09 | 61 | Municipal Bonds | ACMVX vs BCHYX | |
| Meeder Quantex Fund | 0.56 | 0.67 | 0.80 | 54 | Mid Cap Value Equities | ACMVX vs FLCGX | |
| Invesco Value Opportunities Fund | 0.68 | 0.72 | 0.81 | 80 | Mid Cap Value Equities | ACMVX vs VVOAX | |
| Invesco Value Opportunities Fund Class Y | 0.68 | 0.72 | 0.81 | 81 | Mid Cap Value Equities | ACMVX vs VVOIX | |
| Invesco V.I. American Value Fund | 0.68 | 0.71 | 0.81 | 80 | Mid Cap Value Equities | ACMVX vs UMCVX |
See all 43 diversifiers for ACMVX
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