Looking to diversify beyond AOCIX? The mutual funds below have the lowest correlation with AOCIX — 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 AOCIX.
Best Diversifiers for AOCIX
2 mutual funds have low correlation with AOCIX (below 0.3), 1 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 -0.13, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.13 | 0.05 | 0.16 | 60 | Diversified Portfolio | AOCIX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.01 | 0.15 | 0.47 | 67 | Diversified Portfolio | AOCIX vs MHELX | |
| American Century California High Yield Municipal F... | 0.34 | 0.33 | 0.29 | 83 | Municipal Bonds | AOCIX vs BCHYX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.43 | 0.61 | 0.65 | 91 | Diversified Portfolio | AOCIX vs FIQDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.44 | 0.60 | 0.65 | 86 | Diversified Portfolio | AOCIX vs FCSRX |
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