Looking to diversify beyond ARFVX? The mutual funds below have the lowest correlation with ARFVX — 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 ARFVX.
Best Diversifiers for ARFVX
1 mutual funds have low correlation with ARFVX (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 0.23, roughly unchanged from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Century California High Yield Municipal F... | 0.23 | 0.23 | 0.19 | 61 | Municipal Bonds | ARFVX vs BCHYX | |
| Dimensional Retirement Income Fund | 0.75 | 0.79 | 0.76 | 85 | Target Retirement Date | ARFVX vs TDIFX | |
| Fidelity Advisor Freedom Income Fund Class Z6 | 0.83 | 0.75 | 0.73 | 71 | Target Retirement Date | ARFVX vs FEGLX | |
| Fidelity Flex Freedom Blend Income Fund | 0.83 | 0.76 | 0.73 | 78 | Target Retirement Date | ARFVX vs FTLSX | |
| Fidelity Freedom Index Income Fund Institutional P... | 0.83 | 0.75 | 0.73 | 76 | Target Retirement Date | ARFVX vs FFGZX |
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