Looking to diversify beyond AIDYX? The mutual funds below have the lowest correlation with AIDYX — 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 AIDYX.
Best Diversifiers for AIDYX
6 mutual funds have low correlation with AIDYX (below 0.3), 0 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Tax-Free Conservative Income Fund (TFCYX) (Municipal Bonds) with a 1Y correlation of 0.07, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.07 | 0.10 | 0.09 | 99 | Municipal Bonds | AIDYX vs TFCYX | |
| Federated Hermes Conservative Municipal Microshort... | 0.11 | 0.12 | 0.10 | 99 | Municipal Bonds | AIDYX vs FHMIX | |
| abrdn Ultra Short Municipal Income Fund | 0.12 | 0.14 | 0.16 | 100 | Municipal Bonds | AIDYX vs ATOIX | |
| DFA Short Term Municipal Bond Portfolio | 0.19 | 0.29 | 0.38 | 100 | Municipal Bonds | AIDYX vs DFSMX | |
| BlackRock MuniYield Michigan Quality Fund | 0.26 | 0.44 | 0.40 | 61 | Municipal Bonds | AIDYX vs MIY |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements AIDYX
Add AIDYX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with AIDYX