Looking to diversify beyond AUNYX? The mutual funds below have the lowest correlation with AUNYX — 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 AUNYX.
Best Diversifiers for AUNYX
20 mutual funds have low correlation with AUNYX (below 0.3), 1 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 -0.01, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.01 | 0.10 | 0.09 | 99 | Municipal Bonds | AUNYX vs TFCYX | |
| DFA Short Term Municipal Bond Portfolio | 0.03 | 0.19 | 0.21 | 99 | Municipal Bonds | AUNYX vs DFSMX | |
| Federated Hermes Conservative Municipal Microshort... | 0.06 | 0.07 | 0.04 | 99 | Municipal Bonds | AUNYX vs FHMIX | |
| abrdn Ultra Short Municipal Income Fund | 0.08 | 0.10 | 0.08 | 99 | Municipal Bonds | AUNYX vs ATOIX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | 0.10 | 0.06 | 0.14 | 99 | Municipal Bonds | AUNYX vs APUSX |
See all 27 diversifiers for AUNYX
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