Looking to diversify beyond AIVSX? The mutual funds below have the lowest correlation with AIVSX — 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 AIVSX.
Best Diversifiers for AIVSX
11 mutual funds have low correlation with AIVSX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Short-Term Inflation-Protected Securities Index Fund Admiral Shares (VTAPX) (Inflation-Protected Bonds) with a 1Y correlation of 0.04, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Inflation-Protected Securities... | 0.04 | 0.10 | 0.16 | 89 | Inflation-Protected Bonds | AIVSX vs VTAPX | |
| American High-Income Municipal Bond Fund | 0.17 | 0.15 | 0.12 | 78 | High Yield Muni | AIVSX vs AMHIX | |
| American Funds Tax Exempt Bond Fund | 0.19 | 0.15 | 0.12 | 70 | Municipal Bonds | AIVSX vs AFTEX | |
| American Funds Short-Term Tax Exempt Bond Fund | 0.20 | 0.13 | 0.08 | 78 | Municipal Bonds | AIVSX vs ASTEX | |
| American Funds Tax-Exempt Fund of California | 0.21 | 0.14 | 0.11 | 70 | Municipal Bonds | AIVSX vs TAFTX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AIVSX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AIVSX and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.21, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.21 | -0.00 | 0.14 | 70 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.20 | 0.03 | 0.19 | 68 | Energy | |
| ConocoPhillips Company | -0.19 | 0.05 | 0.20 | 61 | Energy | |
| Chevron Corporation | -0.18 | 0.05 | 0.21 | 68 | Energy | |
| Duke Energy Corporation | -0.16 | -0.01 | 0.10 | 62 | Utilities |
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