Looking to diversify beyond ARHVX? The mutual funds below have the lowest correlation with ARHVX — 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 ARHVX.
Best Diversifiers for ARHVX
1 mutual funds have low correlation with ARHVX (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 0.17 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 | 0.21 | 0.17 | 71 | Municipal Bonds | ARHVX vs BCHYX | |
| American Century Equity Income Fund Class I | 0.63 | 0.67 | 0.75 | 52 | Large Cap Value Equities | ARHVX vs ACIIX | |
| American Century Equity Income Fund | 0.65 | 0.67 | 0.75 | 51 | Large Cap Value Equities | ARHVX vs TWEIX | |
| Dimensional Retirement Income Fund | 0.78 | 0.78 | 0.75 | 70 | Target Retirement Date | ARHVX vs TDIFX | |
| Fidelity Freedom Income Fund | 0.83 | 0.74 | 0.71 | 70 | Target Retirement Date | ARHVX vs FFFAX |
See all 70 diversifiers for ARHVX
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