Looking to diversify beyond AOUIX? The mutual funds below have the lowest correlation with AOUIX — 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 AOUIX.
Best Diversifiers for AOUIX
14 mutual funds have low correlation with AOUIX (below 0.3), 0 of which are negatively correlated. The least correlated is T. Rowe Price Ultra Short-Term Bond Fund Class I (TRSTX) (Ultrashort Bond) with a 1Y correlation of 0.06, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Ultra Short-Term Bond Fund Class I | 0.06 | 0.30 | 0.29 | 99 | Ultrashort Bond | AOUIX vs TRSTX | |
| Tactical Multi-Purpose Fund | 0.06 | 0.01 | 0.03 | 100 | Ultrashort Bond | AOUIX vs TMPFX | |
| CrossingBridge Ultra-Short Duration Fund | 0.06 | 0.07 | — | 99 | Ultrashort Bond | AOUIX vs CBUDX | |
| Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed... | 0.09 | 0.12 | 0.04 | 98 | Ultrashort Bond | AOUIX vs TSDUX | |
| DFA One Year Fixed Income Portfolio | 0.10 | 0.05 | 0.17 | 99 | Ultrashort Bond | AOUIX vs DFIHX |
See all 26 diversifiers for AOUIX
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