Looking to diversify beyond AROIX? The mutual funds below have the lowest correlation with AROIX — 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 AROIX.
Best Diversifiers for AROIX
1 mutual funds have low correlation with AROIX (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 0.21 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 | 0.25 | 0.21 | 67 | Municipal Bonds | AROIX vs BCHYX | |
| Dimensional Retirement Income Fund | 0.77 | 0.80 | 0.78 | 83 | Target Retirement Date | AROIX vs TDIFX | |
| Fidelity Freedom Income Fund Class K | 0.83 | 0.77 | 0.75 | 75 | Target Retirement Date | AROIX vs FNSHX | |
| Fidelity Freedom Income Fund | 0.83 | 0.77 | 0.75 | 76 | Target Retirement Date | AROIX vs FFFAX | |
| Fidelity Flex Freedom Blend Income Fund | 0.84 | 0.78 | 0.75 | 80 | Target Retirement Date | AROIX vs FTLSX |
See all 53 diversifiers for AROIX
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