Looking to diversify beyond AQMIX? The mutual funds below have historically moved differently from AQMIX, 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 AQMIX
28 mutual funds have low correlation with AQMIX (below 0.3), 3 of which are negatively correlated. The least correlated is JPMorgan Income Fund Class I (JMSIX) (Multisector Bonds) with a 1Y correlation of -0.28, roughly unchanged from -0.37 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Income Fund Class I | -0.28 | -0.23 | -0.37 | 87 | Multisector Bonds, Investment Grade Bonds, High Yield Bonds, Actively Managed | AQMIX vs JMSIX | |
| Virtus Newfleet Multi-Sector S/T Bd I | -0.25 | -0.18 | -0.34 | 87 | Short-Term Bond | AQMIX vs PIMSX | |
| Dodge & Cox Stock Fund Class I | -0.06 | -0.05 | -0.11 | 56 | Large Cap Value Equities | AQMIX vs DODGX | |
| Nationwide Amundi Strategic Income Fund | 0.02 | -0.09 | 0.02 | 99 | Multisector Bonds | AQMIX vs NWXHX | |
| Longboard Fund | 0.03 | 0.02 | -0.07 | 67 | Long-Short | AQMIX vs LONGX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AQMIX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is DNP Select Income Fund Inc. (DNP) (Financial Services) with a 1Y correlation of -0.01, roughly unchanged from -0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| DNP Select Income Fund Inc. | -0.01 | -0.06 | -0.10 | 89 | Financial Services | |
| General American Investors Company, Inc. | 0.07 | 0.07 | -0.09 | 93 | Financial Services |
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