Looking to diversify beyond AEDVX? The mutual funds below have historically moved differently from AEDVX, 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 AEDVX
2 mutual funds have low correlation with AEDVX (below 0.3), 0 of which are negatively correlated. The least correlated is American Century Equity Income Fund (TWEIX) (Dividend) with a 1Y correlation of 0.25, roughly unchanged from 0.32 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Century Equity Income Fund | 0.25 | 0.29 | 0.32 | 83 | Dividend, Large Cap Value Equities | AEDVX vs TWEIX | |
| American Century Equity Income Fund Class I | 0.26 | 0.28 | 0.32 | 84 | Dividend, Large Cap Value Equities | AEDVX vs ACIIX | |
| Morgan Stanley Emerging Markets Domestic Fund | 0.44 | 0.41 | 0.44 | 57 | Emerging Markets Bonds | AEDVX vs EDD | |
| American Century Disciplined Core Value Fund | 0.46 | 0.36 | 0.36 | 90 | Large Cap Value Equities | AEDVX vs BIGRX | |
| DoubleLine Low Duration Emerging Markets Fixed Inc... | 0.55 | 0.56 | 0.57 | 98 | Emerging Markets Bonds | AEDVX vs DBLLX |
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