Looking to diversify beyond AREVX? The mutual funds below have the lowest correlation with AREVX — 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 AREVX.
Best Diversifiers for AREVX
1 mutual funds have low correlation with AREVX (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 0.24, roughly unchanged from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Century California High Yield Municipal F... | 0.24 | 0.22 | 0.18 | 72 | Municipal Bonds | AREVX vs BCHYX | |
| American Century Equity Income Fund Class I | 0.63 | 0.67 | 0.75 | 52 | Large Cap Value Equities | AREVX vs ACIIX | |
| American Century Equity Income Fund | 0.63 | 0.67 | 0.75 | 51 | Large Cap Value Equities | AREVX vs TWEIX | |
| Dimensional Retirement Income Fund | 0.79 | 0.78 | 0.75 | 77 | Target Retirement Date | AREVX vs TDIFX | |
| Voya Target In-Retirement Fund | 0.84 | 0.84 | 0.84 | 79 | Target Retirement Date | AREVX vs ISOLX |
See all 62 diversifiers for AREVX
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