Looking to diversify beyond ANEFX? The mutual funds below have historically moved differently from ANEFX, 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 ANEFX
7 mutual funds have low correlation with ANEFX (below 0.3), 2 of which are negatively correlated. The least correlated is Fidelity Select Energy Portfolio (FSENX) (Energy Equities) with a 1Y correlation of -0.12, down from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | -0.12 | 0.13 | 0.24 | 87 | Energy Equities | ANEFX vs FSENX | |
| GQG Partners Global Quality Dividend Income Fund | -0.10 | 0.32 | 0.45 | 70 | Quality Factor, Global Equities | ANEFX vs GQFPX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.03 | 0.22 | 0.40 | 79 | Infrastructure Equities, Global Equities | ANEFX vs CSUAX | |
| Nuveen Global Infrastructure Fund Class A | 0.14 | 0.30 | 0.48 | 66 | Infrastructure Equities, Global Equities | ANEFX vs FGIAX | |
| SEI Institutional Managed Trust Global Managed Vol... | 0.16 | 0.43 | 0.58 | 53 | Global Equities, Low Volatility | ANEFX vs SVTAX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ANEFX, 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 The Allstate Corporation (ALL) (Financial Services) with a 1Y correlation of -0.31, down from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Allstate Corporation | -0.31 | -0.02 | 0.14 | 82 | Financial Services | |
| NextEra Energy, Inc. | 0.01 | 0.07 | 0.21 | 77 | Utilities | |
| Apple Inc | 0.27 | 0.39 | 0.56 | 89 | Technology | |
| JPMorgan Chase & Co. | 0.31 | 0.38 | 0.47 | 71 | Financial Services | |
| Alphabet Inc. Class A | 0.54 | 0.55 | 0.65 | 95 | Communication Services |
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