Looking to diversify beyond AITFX? The mutual funds below have historically moved differently from AITFX, 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 AITFX
15 mutual funds have low correlation with AITFX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of 0.02, down from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | 0.02 | 0.17 | 0.22 | 91 | Municipal Bonds | AITFX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.08 | 0.20 | 0.25 | 94 | Municipal Bonds | AITFX vs DMREX | |
| Invesco Value Opportunities Fund | 0.13 | 0.10 | 0.08 | 74 | Mid Cap Value Equities | AITFX vs VVOAX | |
| Invesco Small Cap Value Fund | 0.14 | 0.11 | 0.08 | 76 | Small Cap Value Equities | AITFX vs VSCAX | |
| Invesco Comstock Fund | 0.19 | 0.13 | 0.08 | 83 | Large Cap Value Equities | AITFX vs ACSTX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AITFX, 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 Nuveen AMT-Free Municipal Credit Income Fund (NVG) (Financial Services) with a 1Y correlation of 0.46, roughly unchanged from 0.46 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Nuveen AMT-Free Municipal Credit Income Fund | 0.46 | 0.49 | 0.46 | 79 | Financial Services |
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