Looking to diversify beyond AFIFX? The mutual funds below have historically moved differently from AFIFX, 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 AFIFX
0 mutual funds have low correlation with AFIFX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs Strategic Volatility Premium Fund (SVPFX) (Large Cap Blend Equities) with a 1Y correlation of 0.33, up from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Strategic Volatility Premium Fund | 0.33 | 0.15 | 0.13 | 95 | Large Cap Blend Equities | AFIFX vs SVPFX | |
| T. Rowe Price New Era Fund | 0.41 | 0.49 | 0.62 | 75 | Energy Equities | AFIFX vs PRNEX | |
| Federated Hermes MDT All Cap Core Fund | 0.45 | 0.62 | 0.79 | 58 | Large Cap Blend Equities | AFIFX vs QIACX | |
| Federated Hermes MDT All Cap Core Fund Class R6 | 0.45 | 0.62 | 0.79 | 58 | Large Cap Blend Equities | AFIFX vs QKACX | |
| Fidelity SAI U.S. Low Volatility Index Fund | 0.52 | 0.69 | 0.79 | 56 | Low Volatility | AFIFX vs FSUVX |
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