Looking to diversify beyond ARYIX? The mutual funds below have the lowest correlation with ARYIX — 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 ARYIX.
Best Diversifiers for ARYIX
1 mutual funds have low correlation with ARYIX (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, roughly unchanged from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Century California High Yield Municipal F... | 0.29 | 0.29 | 0.24 | 72 | Municipal Bonds | ARYIX vs BCHYX | |
| American Century Equity Income Fund Class I | 0.65 | 0.68 | 0.75 | 52 | Large Cap Value Equities | ARYIX vs ACIIX | |
| American Century Equity Income Fund | 0.65 | 0.68 | 0.76 | 51 | Large Cap Value Equities | ARYIX vs TWEIX | |
| Dimensional Retirement Income Fund | 0.81 | 0.84 | 0.81 | 77 | Target Retirement Date | ARYIX vs TDIFX | |
| Voya Target In-Retirement Fund | 0.85 | 0.89 | 0.89 | 79 | Target Retirement Date | ARYIX vs ISOLX |
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