Looking to diversify beyond AUUIX? The mutual funds below have the lowest correlation with AUUIX — 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 AUUIX.
Best Diversifiers for AUUIX
2 mutual funds have low correlation with AUUIX (below 0.3), 0 of which are negatively correlated. The least correlated is AB Municipal Income Shares (MISHX) (High Yield Muni) with a 1Y correlation of 0.18, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AB Municipal Income Shares | 0.18 | 0.14 | 0.11 | 69 | High Yield Muni | AUUIX vs MISHX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.23 | 0.11 | 0.10 | 73 | Large Cap Blend Equities | AUUIX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.47 | 0.33 | 0.42 | 72 | Large Cap Blend Equities | AUUIX vs ORDNX | |
| AB High Income Fund | 0.52 | 0.45 | 0.46 | 73 | High Yield Bonds | AUUIX vs AGDAX | |
| Rock Oak Core Growth Fund | 0.61 | 0.71 | 0.79 | 56 | Large Cap Blend Equities | AUUIX vs RCKSX |
See all 25 diversifiers for AUUIX
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