Looking to diversify beyond AFQSX? The mutual funds below have historically moved differently from AFQSX, 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 AFQSX
2 mutual funds have low correlation with AFQSX (below 0.3), 0 of which are negatively correlated. The least correlated is Donoghue Forlines Dividend Fund (PWDIX) (Tactical Allocation) with a 1Y correlation of 0.23, down from 0.34 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Donoghue Forlines Dividend Fund | 0.23 | 0.23 | 0.34 | 91 | Tactical Allocation | AFQSX vs PWDIX | |
| Goldman Sachs TacticalTiltOverlayFund | 0.28 | 0.11 | 0.23 | 72 | Tactical Allocation | AFQSX vs TTIFX | |
| Hussman Strategic Total Return Fund | 0.30 | 0.13 | 0.15 | 95 | Tactical Allocation | AFQSX vs HSTRX | |
| PIMCO All Asset All Authority Fund | 0.32 | 0.15 | 0.23 | 88 | Tactical Allocation | AFQSX vs PAUIX | |
| PIMCO All Asset Fund | 0.36 | 0.21 | 0.28 | 95 | Tactical Allocation | AFQSX vs PAAIX |
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