Looking to diversify beyond AIO? The mutual funds below have the lowest correlation with AIO — 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 AIO.
Best Diversifiers for AIO
11 mutual funds have low correlation with AIO (below 0.3), 1 of which are negatively correlated. The least correlated is Virtus Duff & Phelps Select MLP and Energy Fund (VLPIX) (Energy Equities) with a 1Y correlation of -0.02, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus Duff & Phelps Select MLP and Energy Fund | -0.02 | 0.21 | 0.37 | 55 | Energy Equities | AIO vs VLPIX | |
| Virtus Seix U.S. Government Securities Ultra-Short... | 0.10 | 0.05 | 0.09 | 98 | Ultrashort Bond | AIO vs SIGVX | |
| Virtus Newfleet Tax-Exempt Bond Fund | 0.15 | 0.12 | 0.13 | 68 | Municipal Bonds | AIO vs HXBIX | |
| Virtus Seix High Grade Municipal Bond Fund | 0.19 | 0.13 | 0.14 | 64 | Municipal Bonds | AIO vs SFLTX | |
| Virtus Newfleet Multi-Sector Short Term Bond Fund | 0.21 | 0.17 | 0.20 | 73 | Short-Term Bond | AIO vs NARAX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AIO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AIO and solid risk/return profiles. The least correlated is MSC Industrial Direct Co., Inc. (MSM) (Industrials) with a 1Y correlation of 0.25, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| MSC Industrial Direct Co., Inc. | 0.25 | 0.29 | 0.37 | 87 | Industrials | |
| Cohen & Steers Infrastructure Fund, Inc | 0.26 | 0.30 | 0.40 | 69 | Financial Services | |
| Reaves Utility Income Trust | 0.51 | 0.39 | 0.44 | 81 | Financial Services | |
| BlackRock Science and Technology Trust II | 0.71 | 0.66 | 0.72 | 96 | Financial Services | |
| BlackRock Science and Technology Trust | 0.73 | 0.70 | 0.74 | 89 | Financial Services |
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