Looking to diversify beyond AONIX? The mutual funds below have the lowest correlation with AONIX — 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 AONIX.
Best Diversifiers for AONIX
1 mutual funds have low correlation with AONIX (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 0.05, down from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.05 | 0.15 | 0.40 | 67 | Diversified Portfolio | AONIX vs MHELX | |
| American Century California High Yield Municipal F... | 0.37 | 0.43 | 0.39 | 72 | Municipal Bonds | AONIX vs BCHYX | |
| Concorde Wealth Management Fund | 0.41 | 0.54 | 0.61 | 55 | Diversified Portfolio | AONIX vs CONWX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.42 | 0.59 | 0.63 | 88 | Diversified Portfolio | AONIX vs FIQDX | |
| Fidelity Strategic Real Return Fund | 0.42 | 0.59 | 0.63 | 87 | Diversified Portfolio | AONIX vs FSRRX |
See all 30 diversifiers for AONIX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements AONIX
Add AONIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with AONIX