Looking to diversify beyond AFTEX? The mutual funds below have the lowest correlation with AFTEX — 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 AFTEX.
Best Diversifiers for AFTEX
11 mutual funds have low correlation with AFTEX (below 0.3), 1 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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.02 | 0.17 | 0.21 | 94 | Municipal Bonds | AFTEX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.00 | 0.20 | 0.23 | 94 | Municipal Bonds | AFTEX vs DMREX | |
| DFA Short Term Municipal Bond Portfolio | 0.14 | 0.26 | 0.36 | 99 | Municipal Bonds | AFTEX vs DFSMX | |
| American Funds Fundamental Investors Class A | 0.19 | 0.15 | 0.12 | 68 | Large Cap Blend Equities, Actively Managed | AFTEX vs ANCFX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.20 | 0.30 | 0.41 | 100 | Municipal Bonds | AFTEX vs DFABX |
See all 29 diversifiers for AFTEX
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