Looking to diversify beyond ACRNX? The mutual funds below have historically moved differently from ACRNX, 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 ACRNX
0 mutual funds have low correlation with ACRNX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Health Care Fund Investor Shares (VGHCX) (Health & Biotech Equities) with a 1Y correlation of 0.36, down from 0.59 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Health Care Fund Investor Shares | 0.36 | 0.52 | 0.59 | 75 | Health & Biotech Equities | ACRNX vs VGHCX | |
| Columbia Overseas Value Fund | 0.57 | 0.58 | 0.61 | 72 | Foreign Large Cap Equities | ACRNX vs COSZX | |
| Columbia Dividend Income Fund Class A | 0.58 | 0.68 | 0.70 | 89 | Large Cap Value Equities | ACRNX vs LBSAX | |
| Columbia Dividend Income Fund | 0.59 | 0.68 | 0.70 | 90 | Large Cap Value Equities | ACRNX vs GSFTX | |
| Columbia Dividend Income Fund Institutional 3 Clas... | 0.59 | 0.69 | 0.70 | 90 | Large Cap Value Equities, Dividend | ACRNX vs CDDYX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ACRNX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.21, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.21 | 0.01 | 0.16 | 89 | Financial Services | |
| First Solar, Inc. | 0.45 | 0.40 | 0.44 | 58 | Technology |
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