Looking to diversify beyond ANOIX? The mutual funds below have historically moved differently from ANOIX, 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 ANOIX
1 mutual funds have low correlation with ANOIX (below 0.3), 0 of which are negatively correlated. The least correlated is American Century California High Yield Municipal Fund (BCHYX) (Municipal Bonds) with a 1Y correlation of 0.19, roughly unchanged from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Century California High Yield Municipal F... | 0.19 | 0.13 | 0.11 | 87 | Municipal Bonds | ANOIX vs BCHYX | |
| T. Rowe Price Global Multi-Sector Bond Fund | 0.31 | 0.21 | 0.20 | 75 | Global Bonds | ANOIX vs PRSNX | |
| American Century Equity Income Fund Class I | 0.45 | 0.57 | 0.63 | 84 | Dividend, Large Cap Value Equities | ANOIX vs ACIIX | |
| American Century Equity Income Fund | 0.47 | 0.57 | 0.63 | 83 | Dividend, Large Cap Value Equities | ANOIX vs TWEIX | |
| Vanguard Value Index Fund Admiral Shares | 0.68 | 0.74 | 0.74 | 93 | Large Cap Value Equities | ANOIX vs VVIAX |
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