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
3 mutual funds have low correlation with AOMIX (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 -0.16, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.16 | 0.01 | 0.13 | 60 | Diversified Portfolio | AOMIX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.00 | 0.15 | 0.50 | 67 | Diversified Portfolio | AOMIX vs MHELX | |
| American Century California High Yield Municipal F... | 0.30 | 0.26 | 0.22 | 83 | Municipal Bonds | AOMIX vs BCHYX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.42 | 0.59 | 0.64 | 86 | Diversified Portfolio | AOMIX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.44 | 0.59 | 0.64 | 90 | Diversified Portfolio | AOMIX vs FSIRX |
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