Looking to diversify beyond ARGNX? The mutual funds below have historically moved differently from ARGNX, 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 ARGNX
1 mutual funds have low correlation with ARGNX (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 0.29, up from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Century California High Yield Municipal F... | 0.29 | 0.22 | 0.19 | 87 | Municipal Bonds | ARGNX vs BCHYX | |
| American Century Equity Income Fund Class I | 0.54 | 0.64 | 0.74 | 84 | Dividend, Large Cap Value Equities | ARGNX vs ACIIX | |
| American Century Equity Income Fund | 0.54 | 0.64 | 0.74 | 83 | Dividend, Large Cap Value Equities | ARGNX vs TWEIX | |
| Dimensional Retirement Income Fund | 0.81 | 0.78 | 0.75 | 81 | Target Retirement Date | ARGNX vs TDIFX | |
| Voya Target In-Retirement Fund | 0.85 | 0.84 | 0.84 | 70 | Target Retirement Date | ARGNX vs ISOLX |
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