Looking to diversify beyond ACMVX? The mutual funds below have historically moved differently from ACMVX, 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 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 0.20, roughly unchanged 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 | 0.17 | 0.10 | 87 | Municipal Bonds | ACMVX vs BCHYX | |
| Invesco Value Opportunities Fund | 0.53 | 0.66 | 0.77 | 74 | Mid Cap Value Equities | ACMVX vs VVOAX | |
| Invesco Value Opportunities Fund Class Y | 0.53 | 0.66 | 0.77 | 74 | Mid Cap Value Equities | ACMVX vs VVOIX | |
| Invesco V.I. American Value Fund | 0.53 | 0.65 | 0.77 | 72 | Mid Cap Value Equities | ACMVX vs UMCVX | |
| HW Opportunities MP Fund | 0.60 | 0.71 | 0.79 | 65 | Mid Cap Value Equities | ACMVX vs HOMPX |
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