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 0.27, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Century California High Yield Municipal F... | 0.27 | 0.21 | 0.17 | 67 | Municipal Bonds | AIOIX vs BCHYX | |
| American Century Disciplined Core Value Fund | 0.66 | 0.68 | 0.72 | 79 | Large Cap Value Equities | AIOIX vs BIGRX | |
| Kopernik Global All-Cap Fund | 0.68 | 0.58 | 0.65 | 80 | Foreign Small & Mid Cap Equities | AIOIX vs KGGIX | |
| Kopernik Global All-Cap Fund Class A | 0.69 | 0.58 | 0.65 | 80 | Foreign Small & Mid Cap Equities | AIOIX vs KGGAX | |
| Virtus International Small-Cap Fund | 0.77 | 0.79 | 0.85 | 79 | Foreign Small & Mid Cap Equities | AIOIX vs ALOIX |
See all 12 diversifiers for AIOIX
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