Looking to diversify beyond AEDVX? The mutual funds below have the lowest correlation with AEDVX — 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 AEDVX.
Best Diversifiers for AEDVX
3 mutual funds have low correlation with AEDVX (below 0.3), 0 of which are negatively correlated. The least correlated is Virtus Stone Harbor Emerging Markets Income Fund (EDF) (Emerging Markets Bonds) with a 1Y correlation of 0.27, roughly unchanged from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus Stone Harbor Emerging Markets Income Fund | 0.27 | 0.26 | 0.30 | 63 | Emerging Markets Bonds | AEDVX vs EDF | |
| American Century Equity Income Fund | 0.29 | 0.30 | 0.32 | 51 | Large Cap Value Equities | AEDVX vs TWEIX | |
| American Century Equity Income Fund Class I | 0.30 | 0.29 | 0.32 | 52 | Large Cap Value Equities | AEDVX vs ACIIX | |
| American Century Disciplined Core Value Fund | 0.46 | 0.36 | 0.35 | 82 | Large Cap Value Equities | AEDVX vs BIGRX | |
| American Century California High Yield Municipal F... | 0.50 | 0.51 | 0.49 | 72 | Municipal Bonds | AEDVX vs BCHYX |
See all 21 diversifiers for AEDVX
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