Looking to diversify beyond AIOIX? The mutual funds below have the lowest correlation with AIOIX — 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 AIOIX.
Best Diversifiers for AIOIX
1 mutual funds have low correlation with AIOIX (below 0.3), 0 of which are negatively correlated. The least correlated is American Century California High Yield Municipal Fund (BCHYX) (Municipal Bonds) with a 1Y correlation of 0.28, up from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Century California High Yield Municipal F... | 0.28 | 0.21 | 0.18 | 71 | Municipal Bonds | AIOIX vs BCHYX | |
| American Century Equity Income Fund Class I | 0.42 | 0.47 | 0.58 | 52 | Large Cap Value Equities | AIOIX vs ACIIX | |
| American Century Equity Income Fund | 0.43 | 0.47 | 0.58 | 51 | Large Cap Value Equities | AIOIX vs TWEIX | |
| Pear Tree Polaris International Opportunities Fund | 0.43 | 0.55 | 0.62 | 55 | Foreign Small & Mid Cap Equities | AIOIX vs QISIX | |
| American Century Disciplined Core Value Fund | 0.68 | 0.68 | 0.72 | 84 | Large Cap Value Equities | AIOIX vs BIGRX |
See all 13 diversifiers for AIOIX
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