Looking to diversify beyond AUNYX? The mutual funds below have historically moved differently from AUNYX, 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 AUNYX
21 mutual funds have low correlation with AUNYX (below 0.3), 0 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Tax-Free Conservative Income Fund (TFCYX) (Municipal Bonds) with a 1Y correlation of 0.00, roughly unchanged from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.00 | 0.10 | 0.09 | 99 | Municipal Bonds | AUNYX vs TFCYX | |
| BlackRock MuniYield Michigan Quality Fund | 0.05 | 0.26 | 0.24 | 58 | Municipal Bonds | AUNYX vs MIY | |
| Federated Hermes Conservative Municipal Microshort... | 0.06 | 0.07 | 0.04 | 99 | Municipal Bonds | AUNYX vs FHMIX | |
| Nuveen Municipal Value Fund Inc. | 0.07 | 0.21 | 0.18 | 79 | Municipal Bonds | AUNYX vs NUV | |
| abrdn Ultra Short Municipal Income Fund | 0.09 | 0.10 | 0.08 | 100 | Municipal Bonds | AUNYX vs ATOIX |
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