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
8 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 0.01, roughly unchanged from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| abrdn Ultra Short Municipal Income Fund | 0.01 | 0.00 | -0.03 | 99 | Municipal Bonds | AIFRX vs ATOIX | |
| Recurrent MLP & Infrastructure Fund | 0.24 | 0.41 | 0.50 | 58 | Energy Equities | AIFRX vs RMLPX | |
| abrdn Short Duration High Yield Municipal Fund | 0.25 | 0.28 | 0.22 | 54 | High Yield Muni | AIFRX vs AHYMX | |
| Columbia Seligman Premium Technology Growth Closed... | 0.25 | 0.30 | 0.44 | 94 | Technology Equities | AIFRX vs STK | |
| Oil Equipment & Services UltraSector ProFund | 0.28 | 0.34 | 0.42 | 74 | Energy Equities | AIFRX vs OEPIX |
See all 39 diversifiers for AIFRX
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