Looking to diversify beyond AOMIX? The mutual funds below have the lowest correlation with AOMIX — 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 AOMIX.
Best Diversifiers for AOMIX
2 mutual funds have low correlation with AOMIX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.04, down from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.04 | 0.17 | 0.51 | 67 | Diversified Portfolio | AOMIX vs MHELX | |
| American Century California High Yield Municipal F... | 0.27 | 0.25 | 0.21 | 72 | Municipal Bonds | AOMIX vs BCHYX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.41 | 0.59 | 0.64 | 82 | Diversified Portfolio | AOMIX vs FCSRX | |
| Fidelity Strategic Real Return Fund Class K6 | 0.42 | 0.60 | 0.65 | 88 | Diversified Portfolio | AOMIX vs FSRKX | |
| Fidelity Strategic Real Return Fund | 0.42 | 0.60 | 0.65 | 87 | Diversified Portfolio | AOMIX vs FSRRX |
See all 32 diversifiers for AOMIX
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