Looking to diversify beyond AFB? The mutual funds below have the lowest correlation with AFB — 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 AFB.
Best Diversifiers for AFB
34 mutual funds have low correlation with AFB (below 0.3), 2 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.11, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.11 | 0.12 | 0.12 | 97 | Municipal Bonds | AFB vs DCARX | |
| DFA Municipal Real Return Portfolio | -0.03 | 0.12 | 0.12 | 96 | Municipal Bonds | AFB vs DMREX | |
| Federated Hermes Conservative Municipal Microshort... | 0.03 | 0.11 | 0.08 | 98 | Municipal Bonds | AFB vs FHMIX | |
| JPMorgan Ultra-Short Municipal Fund | 0.05 | 0.20 | 0.21 | 99 | Municipal Bonds | AFB vs USMSX | |
| DFA Short Term Municipal Bond Portfolio | 0.06 | 0.14 | 0.18 | 99 | Municipal Bonds | AFB vs DFSMX |
See all 443 diversifiers for AFB
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Diversification Analysis
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