Looking to diversify beyond ACSNX? The mutual funds below have historically moved differently from ACSNX, 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 ACSNX
8 mutual funds have low correlation with ACSNX (below 0.3), 0 of which are negatively correlated. The least correlated is GuidePath Absolute Return Allocation Fund (GPARX) (Short-Term Bond) with a 1Y correlation of 0.11, down from 0.52 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GuidePath Absolute Return Allocation Fund | 0.11 | 0.47 | 0.52 | 65 | Short-Term Bond | ACSNX vs GPARX | |
| Leader Short Term High Yield Bond Fund | 0.18 | 0.16 | 0.17 | 77 | Short-Term Bond | ACSNX vs LCCMX | |
| American Century Equity Income Fund Class I | 0.21 | 0.17 | 0.12 | 85 | Dividend, Large Cap Value Equities | ACSNX vs ACIIX | |
| DFA Two-Year Fixed Income Portfolio | 0.21 | 0.03 | 0.30 | 100 | Short-Term Bond | ACSNX vs DFCFX | |
| American Century Equity Income Fund | 0.22 | 0.18 | 0.12 | 84 | Dividend, Large Cap Value Equities | ACSNX vs TWEIX |
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