Looking to diversify beyond ANOIX? The mutual funds below have the lowest correlation with ANOIX — 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 ANOIX.
Best Diversifiers for ANOIX
2 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 0.14, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Century California High Yield Municipal F... | 0.14 | 0.12 | 0.10 | 72 | Municipal Bonds | ANOIX vs BCHYX | |
| T. Rowe Price Global Multi-Sector Bond Fund | 0.27 | 0.22 | 0.19 | 91 | Global Bonds | ANOIX vs PRSNX | |
| American Century Equity Income Fund Class I | 0.55 | 0.59 | 0.65 | 52 | Large Cap Value Equities | ANOIX vs ACIIX | |
| American Century Equity Income Fund | 0.56 | 0.60 | 0.65 | 51 | Large Cap Value Equities | ANOIX vs TWEIX | |
| Vanguard Emerging Markets Stock Index Fund Admiral... | 0.62 | 0.56 | 0.59 | 52 | Emerging Markets Equities | ANOIX vs VEMAX |
See all 26 diversifiers for ANOIX
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