Looking to diversify beyond AFDIX? The mutual funds below have the lowest correlation with AFDIX — 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 AFDIX.
Best Diversifiers for AFDIX
2 mutual funds have low correlation with AFDIX (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 0.15, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Century California High Yield Municipal F... | 0.15 | 0.15 | 0.12 | 67 | Municipal Bonds | AFDIX vs BCHYX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.28 | 0.13 | 0.12 | 73 | Large Cap Blend Equities | AFDIX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.49 | 0.35 | 0.43 | 72 | Large Cap Blend Equities | AFDIX vs ORDNX | |
| Rock Oak Core Growth Fund | 0.64 | 0.72 | 0.80 | 56 | Large Cap Blend Equities | AFDIX vs RCKSX | |
| Centre American Select Equity Fund | 0.73 | 0.83 | 0.83 | 92 | Large Cap Blend Equities | AFDIX vs DHAMX |
See all 25 diversifiers for AFDIX
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