Looking to diversify beyond AFDAX? The mutual funds below have historically moved differently from AFDAX, 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 AFDAX
1 mutual funds have low correlation with AFDAX (below 0.3), 0 of which are negatively correlated. The least correlated is American Century California High Yield Municipal Fund (BCHYX) (Municipal Bonds) with a 1Y correlation of 0.23, up from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Century California High Yield Municipal F... | 0.23 | 0.15 | 0.13 | 87 | Municipal Bonds | AFDAX vs BCHYX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.36 | 0.15 | 0.13 | 97 | Large Cap Blend Equities | AFDAX vs SVPFX | |
| American Century Equity Income Fund | 0.43 | 0.53 | 0.68 | 83 | Dividend, Large Cap Value Equities | AFDAX vs TWEIX | |
| North Square Preferred and Income Securities Fund | 0.53 | 0.36 | 0.42 | 59 | Preferred Stock | AFDAX vs ORDNX | |
| Rock Oak Core Growth Fund | 0.57 | 0.71 | 0.80 | 89 | Large Cap Blend Equities | AFDAX vs RCKSX |
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