Looking to diversify beyond ANEFX? The mutual funds below have the lowest correlation with ANEFX — 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 ANEFX.
Best Diversifiers for ANEFX
1 mutual funds have low correlation with ANEFX (below 0.3), 0 of which are negatively correlated. The least correlated is Cohen & Steers Global Infrastructure Fund Class A (CSUAX) (Global Equities) with a 1Y correlation of 0.11, down from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cohen & Steers Global Infrastructure Fund Class A | 0.11 | 0.25 | 0.42 | 51 | Global Equities | ANEFX vs CSUAX | |
| Russell Investment Tax-Managed Real Assets Fund | 0.36 | 0.49 | 0.60 | 76 | Global Equities | ANEFX vs RTXAX | |
| Wasatch Global Value Fund Investor Class Shares | 0.38 | 0.39 | 0.52 | 86 | Global Equities | ANEFX vs FMIEX | |
| SEI Institutional Investments Trust Global Managed... | 0.41 | 0.51 | 0.60 | 61 | Global Equities | ANEFX vs SGMAX | |
| LSV Global Managed Volatility Fund | 0.44 | 0.50 | 0.60 | 84 | Global Equities | ANEFX vs LVAFX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ANEFX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ANEFX and solid risk/return profiles. The least correlated is The Allstate Corporation (ALL) (Financial Services) with a 1Y correlation of -0.17, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Allstate Corporation | -0.17 | 0.01 | 0.15 | 64 | Financial Services | |
| Apple Inc | 0.32 | 0.43 | 0.59 | 88 | Technology | |
| JPMorgan Chase & Co. | 0.36 | 0.39 | 0.48 | 69 | Financial Services | |
| BlackRock, Inc. | 0.46 | 0.54 | 0.64 | 52 | Financial Services | |
| Tesla, Inc. | 0.50 | 0.53 | 0.57 | 59 | Consumer Cyclical |
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