Looking to diversify beyond AHITX? The mutual funds below have historically moved differently from AHITX, 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 AHITX
4 mutual funds have low correlation with AHITX (below 0.3), 1 of which are negatively correlated. The least correlated is Fairholme Focused Income Fund (FOCIX) (High Yield Bonds) with a 1Y correlation of -0.07, down from 0.33 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fairholme Focused Income Fund | -0.07 | 0.20 | 0.33 | 73 | High Yield Bonds | AHITX vs FOCIX | |
| Cliffwater Corporate Lending Fund Class I Shares | 0.08 | 0.09 | 0.11 | 100 | Bank Loan, High Yield Bonds | AHITX vs CCLFX | |
| Pioneer ILS Interval Fund | 0.13 | 0.13 | 0.09 | 100 | High Yield Bonds | AHITX vs XILSX | |
| RiverPark Short Term High Yield Fund | 0.17 | 0.20 | 0.26 | 100 | High Yield Bonds | AHITX vs RPHIX | |
| American Funds Tax-Exempt Preservation Portfolio | 0.36 | 0.41 | 0.37 | 61 | Municipal Bonds | AHITX vs TEPAX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AHITX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.37, roughly unchanged from 0.36 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | 0.37 | 0.29 | 0.36 | 89 | Technology |
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