Looking to diversify beyond AUXFX? The mutual funds below have the lowest correlation with AUXFX — 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 AUXFX.
Best Diversifiers for AUXFX
1 mutual funds have low correlation with AUXFX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Equity Income Fund (LEIFX) (Large Cap Value Equities) with a 1Y correlation of 0.26, down from 0.75 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Equity Income Fund | 0.26 | 0.55 | 0.75 | 67 | Large Cap Value Equities | AUXFX vs LEIFX | |
| Rational Equity Armor Fund | 0.41 | 0.52 | 0.66 | 56 | Large Cap Value Equities | AUXFX vs HDCTX | |
| Federated Hermes Strategic Value Dividend Fund | 0.54 | 0.63 | 0.74 | 80 | Large Cap Value Equities | AUXFX vs SVAIX | |
| Northern Income Equity Fund | 0.55 | 0.68 | 0.79 | 74 | Large Cap Value Equities | AUXFX vs NOIEX | |
| Fidelity Dividend Growth Fund Class K | 0.55 | 0.62 | 0.77 | 80 | Large Cap Value Equities | AUXFX vs FDGKX |
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