Looking to diversify beyond AIOIX? The mutual funds below have historically moved differently from AIOIX, 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 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 0.29, up from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Century California High Yield Municipal F... | 0.29 | 0.21 | 0.18 | 78 | Municipal Bonds | AIOIX vs BCHYX | |
| American Century Equity Income Fund Class I | 0.33 | 0.44 | 0.56 | 85 | Dividend, Large Cap Value Equities | AIOIX vs ACIIX | |
| American Century Equity Income Fund | 0.34 | 0.44 | 0.56 | 84 | Dividend, Large Cap Value Equities | AIOIX vs TWEIX | |
| Pear Tree Polaris International Opportunities Fund | 0.45 | 0.55 | 0.62 | 53 | Foreign Small & Mid Cap Equities | AIOIX vs QISIX | |
| AMG Yacktman Special Opportunities Fund | 0.57 | 0.61 | 0.69 | 50 | Foreign Small & Mid Cap Equities | AIOIX vs YASLX |
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