Looking to diversify beyond AIFRX? The mutual funds below have the lowest correlation with AIFRX — 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 AIFRX.
Best Diversifiers for AIFRX
17 mutual funds have low correlation with AIFRX (below 0.3), 0 of which are negatively correlated. The least correlated is abrdn Ultra Short Municipal Income Fund (ATOIX) (Municipal Bonds) with a 1Y correlation of 0.04, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| abrdn Ultra Short Municipal Income Fund | 0.04 | 0.00 | -0.02 | 99 | Municipal Bonds | AIFRX vs ATOIX | |
| Vanguard Energy Index Fund Admiral Shares | 0.12 | 0.29 | 0.39 | 58 | Energy Equities | AIFRX vs VENAX | |
| Fidelity Select Energy Portfolio | 0.13 | 0.30 | 0.40 | 79 | Energy Equities | AIFRX vs FSENX | |
| Invesco Energy Fund | 0.14 | 0.30 | 0.41 | 70 | Energy Equities | AIFRX vs FSTEX | |
| BlackRock Energy Opportunities Fund | 0.17 | 0.32 | 0.43 | 71 | Energy Equities | AIFRX vs BACIX |
See all 49 diversifiers for AIFRX
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