Looking to diversify beyond APOIX? The mutual funds below have historically moved differently from APOIX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for APOIX
6 mutual funds have low correlation with APOIX (below 0.3), 0 of which are negatively correlated. The least correlated is American Century Equity Income Fund (TWEIX) (Dividend) with a 1Y correlation of 0.09, roughly unchanged from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Century Equity Income Fund | 0.09 | 0.15 | 0.16 | 83 | Dividend, Large Cap Value Equities | APOIX vs TWEIX | |
| American Century Equity Income Fund Class I | 0.10 | 0.14 | 0.16 | 84 | Dividend, Large Cap Value Equities | APOIX vs ACIIX | |
| American Century Disciplined Core Value Fund | 0.12 | 0.10 | 0.14 | 90 | Large Cap Value Equities | APOIX vs BIGRX | |
| American Century California High Yield Municipal F... | 0.24 | 0.37 | 0.33 | 87 | Municipal Bonds | APOIX vs BCHYX | |
| Allspring Real Return Fund | 0.26 | 0.40 | 0.56 | 66 | Inflation-Protected Bonds | APOIX vs IPBAX |
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