Looking to diversify beyond AOBLX? The mutual funds below have historically moved differently from AOBLX, 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 AOBLX
6 mutual funds have low correlation with AOBLX (below 0.3), 2 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.24, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.24 | -0.03 | 0.11 | 83 | Diversified Portfolio | AOBLX vs SIFAX | |
| Victory Pioneer Cat Bond Fund Class Y | -0.01 | — | — | 100 | Nontraditional Bonds | AOBLX vs CBYYX | |
| MH Elite Small Cap Fund of Funds Fund | 0.02 | 0.15 | 0.48 | 68 | Diversified Portfolio | AOBLX vs MHELX | |
| Hennessy Total Return Fund | 0.18 | 0.42 | 0.56 | 73 | Diversified Portfolio | AOBLX vs HDOGX | |
| Hennessy Balanced Fund | 0.24 | 0.46 | 0.58 | 91 | Diversified Portfolio | AOBLX vs HBFBX |
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