Looking to diversify beyond ARDVX? The mutual funds below have the lowest correlation with ARDVX — 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 ARDVX.
Best Diversifiers for ARDVX
1 mutual funds have low correlation with ARDVX (below 0.3), 0 of which are negatively correlated. The least correlated is American Century California High Yield Municipal Fund (BCHYX) (Municipal Bonds) with a 1Y correlation of 0.28, roughly unchanged from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Century California High Yield Municipal F... | 0.28 | 0.27 | 0.23 | 72 | Municipal Bonds | ARDVX vs BCHYX | |
| American Century Equity Income Fund Class I | 0.63 | 0.67 | 0.75 | 52 | Large Cap Value Equities | ARDVX vs ACIIX | |
| American Century Equity Income Fund | 0.64 | 0.67 | 0.75 | 51 | Large Cap Value Equities | ARDVX vs TWEIX | |
| Dimensional Retirement Income Fund | 0.80 | 0.82 | 0.80 | 77 | Target Retirement Date | ARDVX vs TDIFX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.86 | 0.82 | 0.81 | 65 | Target Retirement Date | ARDVX vs FRQIX |
See all 43 diversifiers for ARDVX
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