Looking to diversify beyond AFNIX? The mutual funds below have the lowest correlation with AFNIX — 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 AFNIX.
Best Diversifiers for AFNIX
3 mutual funds have low correlation with AFNIX (below 0.3), 0 of which are negatively correlated. The least correlated is AAM/HIMCO Short Duration Fund (ASDIX) (Ultrashort Bond) with a 1Y correlation of 0.12, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AAM/HIMCO Short Duration Fund | 0.12 | 0.17 | 0.15 | 98 | Ultrashort Bond | AFNIX vs ASDIX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.21 | 0.09 | 0.11 | 70 | Large Cap Blend Equities | AFNIX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.26 | 0.29 | 0.38 | 68 | Large Cap Blend Equities | AFNIX vs ORDNX | |
| State Street S&P 500 Index Fund Class N | 0.36 | 0.60 | 0.76 | 82 | Large Cap Blend Equities | AFNIX vs SVSPX | |
| Strategic Advisers U.S. Total Stock Fund | 0.37 | — | — | 57 | Large Cap Blend Equities | AFNIX vs FSAKX |
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