Looking to diversify beyond AFTEX? The mutual funds below have historically moved differently from AFTEX, 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 AFTEX
13 mutual funds have low correlation with AFTEX (below 0.3), 2 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.02, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.02 | 0.15 | 0.21 | 91 | Municipal Bonds | AFTEX vs DCARX | |
| DFA Municipal Real Return Portfolio | -0.02 | 0.18 | 0.23 | 94 | Municipal Bonds | AFTEX vs DMREX | |
| DFA Short Term Municipal Bond Portfolio | 0.18 | 0.26 | 0.36 | 100 | Municipal Bonds | AFTEX vs DFSMX | |
| American Funds Fundamental Investors Class A | 0.22 | 0.15 | 0.13 | 65 | Large Cap Blend Equities, Actively Managed | AFTEX vs ANCFX | |
| American Funds The Income Fund of America Class A | 0.22 | 0.22 | 0.18 | 81 | Diversified Portfolio, Dividend | AFTEX vs AMECX |
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