Looking to diversify beyond AIFRX? The mutual funds below have historically moved differently from AIFRX, 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 AIFRX
19 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 0.02, roughly unchanged from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| abrdn Ultra Short Municipal Income Fund | 0.02 | -0.00 | -0.02 | 100 | Municipal Bonds | AIFRX vs ATOIX | |
| NXG Cushing® Midstream Energy Fund | 0.14 | 0.22 | 0.35 | 53 | Energy Equities | AIFRX vs SRV | |
| Vanguard Energy Index Fund Admiral Shares | 0.15 | 0.26 | 0.38 | 71 | Energy Equities | AIFRX vs VENAX | |
| Fidelity Select Energy Portfolio | 0.16 | 0.26 | 0.38 | 87 | Energy Equities | AIFRX vs FSENX | |
| Invesco Energy Fund | 0.16 | 0.27 | 0.39 | 74 | Energy Equities | AIFRX vs FSTEX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AIFRX, 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 Tekla Healthcare Investors (HQH) (Financial Services) with a 1Y correlation of 0.29, down from 0.47 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tekla Healthcare Investors | 0.29 | 0.41 | 0.47 | 95 | Financial Services |
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