Looking to diversify beyond AEDAX? The mutual funds below have the lowest correlation with AEDAX — 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 AEDAX.
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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Baird Short-Term Bond Fund Institutional Class | 0.33 | 0.25 | 0.21 | 93 | Short-Term Bond | AEDAX vs BSBIX | |
| Invesco Nasdaq 100 Index Fund | 0.64 | 0.59 | 0.64 | 70 | Large Cap Growth Equities | AEDAX vs IVNQX | |
| Invesco Comstock Fund | 0.65 | 0.65 | 0.69 | 60 | Large Cap Value Equities | AEDAX vs ACSTX | |
| DoubleLine Shiller Enhanced International CAPE | 0.66 | 0.74 | 0.78 | 58 | Europe Equities | AEDAX vs DSEUX | |
| Invesco Value Opportunities Fund | 0.67 | 0.66 | 0.70 | 81 | Mid Cap Value Equities | AEDAX vs VVOAX |
See all 10 diversifiers for AEDAX
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