Looking to diversify beyond AITFX? The mutual funds below have the lowest correlation with AITFX — 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 AITFX.
Best Diversifiers for AITFX
14 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 0.03, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | 0.03 | 0.19 | 0.22 | 95 | Municipal Bonds | AITFX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.06 | 0.21 | 0.24 | 94 | Municipal Bonds | AITFX vs DMREX | |
| Invesco Value Opportunities Fund | 0.15 | 0.11 | 0.08 | 81 | Mid Cap Value Equities | AITFX vs VVOAX | |
| Invesco Small Cap Value Fund | 0.15 | 0.11 | 0.08 | 87 | Small Cap Value Equities | AITFX vs VSCAX | |
| DFA Short Term Municipal Bond Portfolio | 0.18 | 0.26 | 0.35 | 99 | Municipal Bonds | AITFX vs DFSMX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AITFX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AITFX and solid risk/return profiles. 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.
| 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 | 78 | Financial Services |
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