Looking to diversify beyond AIO? The mutual funds below have historically moved differently from AIO, 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 AIO
12 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 -0.06, down from 0.35 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus Duff & Phelps Select MLP and Energy Fund | -0.06 | 0.20 | 0.35 | 83 | Energy Equities | AIO vs VLPIX | |
| Virtus Seix U.S. Government Securities Ultra-Short... | 0.12 | 0.06 | 0.09 | 98 | Ultrashort Bond | AIO vs SIGVX | |
| Virtus Duff & Phelps Real Estate Securities Fund | 0.13 | 0.32 | 0.44 | 66 | REIT | AIO vs PHRAX | |
| Virtus Duff & Phelps Global Infrastructure Fund | 0.13 | 0.24 | 0.39 | 56 | Infrastructure Equities, Energy Equities | AIO vs PGUAX | |
| 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
The table shows companies with at least $1B in market capitalization, historical correlation data for AIO, 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 Cohen & Steers Infrastructure Fund, Inc (UTF) (Financial Services) with a 1Y correlation of 0.24, down from 0.39 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cohen & Steers Infrastructure Fund, Inc | 0.24 | 0.29 | 0.39 | 72 | Financial Services | |
| MSC Industrial Direct Co., Inc. | 0.28 | 0.30 | 0.37 | 91 | Industrials | |
| Reaves Utility Income Trust | 0.58 | 0.41 | 0.45 | 55 | Financial Services | |
| BlackRock Science and Technology Term Trust | 0.75 | 0.67 | 0.72 | 88 | Financial Services | |
| BlackRock Science and Technology Trust | 0.78 | 0.71 | 0.75 | 84 | Financial Services |
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