Looking to diversify beyond AUXFX? The mutual funds below have historically moved differently from AUXFX, 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 AUXFX
1 mutual funds have low correlation with AUXFX (below 0.3), 0 of which are negatively correlated. The least correlated is AMG Yacktman Focused Fund (YAFFX) (Large Cap Value Equities) with a 1Y correlation of 0.30, down from 0.71 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AMG Yacktman Focused Fund | 0.30 | 0.57 | 0.71 | 91 | Large Cap Value Equities | AUXFX vs YAFFX | |
| Federated Hermes Equity Income Fund | 0.36 | 0.55 | 0.75 | 68 | Dividend, Large Cap Value Equities | AUXFX vs LEIFX | |
| Voya Corporate Leaders Trust Fund | 0.39 | 0.60 | 0.69 | 94 | Large Cap Value Equities | AUXFX vs LEXCX | |
| Fidelity Dividend Growth Fund Class K | 0.48 | 0.59 | 0.75 | 65 | Large Cap Value Equities | AUXFX vs FDGKX | |
| Fidelity Dividend Growth Fund | 0.49 | 0.60 | 0.75 | 78 | Large Cap Blend Equities, Dividend | AUXFX vs FDGFX |
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