Looking to diversify beyond AEDAX? The mutual funds below have historically moved differently from AEDAX, 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 AEDAX
0 mutual funds have low correlation with AEDAX (below 0.3), 0 of which are negatively correlated. The least correlated is Baird Short-Term Bond Fund Institutional Class (BSBIX) (Short-Term Bond) with a 1Y correlation of 0.33, up from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Baird Short-Term Bond Fund Institutional Class | 0.33 | 0.24 | 0.21 | 95 | Short-Term Bond | AEDAX vs BSBIX | |
| The Central and Eastern Europe Fund | 0.44 | 0.38 | 0.35 | 55 | Europe Equities | AEDAX vs CEE | |
| DoubleLine Shiller Enhanced International CAPE | 0.58 | 0.71 | 0.77 | 93 | Europe Equities | AEDAX vs DSEUX | |
| Invesco Comstock Fund | 0.61 | 0.64 | 0.69 | 83 | Large Cap Value Equities | AEDAX vs ACSTX | |
| Invesco Equally-Weighted S&P 500 Fund Class A | 0.63 | 0.68 | 0.72 | 68 | Large Cap Blend Equities | AEDAX vs VADAX |
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