Looking to diversify beyond AFEIX? The mutual funds below have the lowest correlation with AFEIX — 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 AFEIX.
Best Diversifiers for AFEIX
1 mutual funds have low correlation with AFEIX (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 0.19, 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... | 0.19 | 0.15 | 0.12 | 72 | Municipal Bonds | AFEIX vs BCHYX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.33 | 0.14 | 0.12 | 72 | Large Cap Blend Equities | AFEIX vs SVPFX | |
| American Century Equity Income Fund Class I | 0.49 | 0.55 | 0.69 | 52 | Large Cap Value Equities | AFEIX vs ACIIX | |
| North Square Preferred and Income Securities Fund | 0.50 | 0.35 | 0.43 | 69 | Large Cap Blend Equities | AFEIX vs ORDNX | |
| American Century Equity Income Fund | 0.51 | 0.55 | 0.69 | 51 | Large Cap Value Equities | AFEIX vs TWEIX |
See all 30 diversifiers for AFEIX
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