Looking to diversify beyond AIOAX? The mutual funds below have the lowest correlation with AIOAX — 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 AIOAX.
Best Diversifiers for AIOAX
3 mutual funds have low correlation with AIOAX (below 0.3), 0 of which are negatively correlated. The least correlated is Cliffwater Corporate Lending Fund (CCLFX) (High Yield Bonds) with a 1Y correlation of 0.02, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund | 0.02 | 0.08 | 0.10 | 100 | High Yield Bonds | AIOAX vs CCLFX | |
| Pioneer ILS Interval Fund | 0.06 | 0.09 | 0.06 | 100 | High Yield Bonds | AIOAX vs XILSX | |
| RiverPark Short Term High Yield Fund | 0.20 | 0.18 | 0.27 | 100 | High Yield Bonds | AIOAX vs RPHIX | |
| T. Rowe Price Floating Rate Fund | 0.40 | 0.43 | 0.50 | 96 | High Yield Bonds | AIOAX vs PRFRX | |
| Columbia Global Technology Growth Fund | 0.48 | 0.41 | 0.46 | 84 | Technology Equities | AIOAX vs CMTFX |
See all 29 diversifiers for AIOAX
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