Looking to diversify beyond AFOIX? The mutual funds below have the lowest correlation with AFOIX — 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 AFOIX.
Best Diversifiers for AFOIX
0 mutual funds have low correlation with AFOIX (below 0.3), 0 of which are negatively correlated. The least correlated is Essex Environmental Opportunities Fund (EEOFX) (Mid Cap Growth Equities) with a 1Y correlation of 0.66, down from 0.77 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Essex Environmental Opportunities Fund | 0.66 | 0.71 | 0.77 | 66 | Mid Cap Growth Equities | AFOIX vs EEOFX | |
| Alger Growth & Income Fund | 0.71 | 0.77 | 0.78 | 86 | Large Cap Blend Equities | AFOIX vs ALBAX | |
| Victory Munder Mid-Cap Core Growth Fund | 0.72 | 0.77 | 0.82 | 76 | Mid Cap Growth Equities | AFOIX vs MGOYX | |
| Needham Growth Fund Institutional Class | 0.73 | 0.78 | 0.82 | 93 | Mid Cap Growth Equities | AFOIX vs NEEIX | |
| Needham Growth Fund | 0.73 | 0.78 | 0.82 | 93 | Mid Cap Growth Equities | AFOIX vs NEEGX |
See all 11 diversifiers for AFOIX
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