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
14 mutual funds have low correlation with AIFRX (below 0.3), 1 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 -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| abrdn Ultra Short Municipal Income Fund | -0.02 | -0.01 | -0.03 | 99 | Municipal Bonds | AIFRX vs ATOIX | |
| NXG Cushing® Midstream Energy Fund | 0.12 | 0.22 | 0.35 | 77 | Energy Equities | AIFRX vs SRV | |
| Fidelity Select Energy Portfolio | 0.15 | 0.27 | 0.39 | 70 | Energy Equities | AIFRX vs FSENX | |
| Guinness Atkinson Global Energy Fund | 0.18 | 0.30 | 0.41 | 66 | Energy Equities | AIFRX vs GAGEX | |
| BlackRock Energy Opportunities Fund | 0.19 | 0.30 | 0.42 | 56 | Energy Equities | AIFRX vs BACIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AIFRX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AIFRX and solid risk/return profiles. The least correlated is Tekla Healthcare Investors (HQH) (Financial Services) with a 1Y correlation of 0.35, down from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tekla Healthcare Investors | 0.35 | 0.42 | 0.48 | 93 | Financial Services |
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