Looking to diversify beyond AVAAX? The mutual funds below have the lowest correlation with AVAAX — 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 AVAAX.
Best Diversifiers for AVAAX
9 mutual funds have low correlation with AVAAX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Short Term Municipal Bond Portfolio (DFSMX) (Municipal Bonds) with a 1Y correlation of 0.12, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.12 | 0.26 | 0.34 | 99 | Municipal Bonds | AVAAX vs DFSMX | |
| DFA NY Municipal Bond Portfolio | 0.17 | 0.32 | 0.40 | 99 | Municipal Bonds | AVAAX vs DNYMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.18 | 0.32 | 0.37 | 99 | Municipal Bonds | AVAAX vs USMSX | |
| DFA California Short Term Municipal Bond Portfolio | 0.21 | 0.32 | 0.41 | 99 | Municipal Bonds | AVAAX vs DFCMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.24 | 0.31 | — | 100 | Municipal Bonds | AVAAX vs DFABX |
See all 18 diversifiers for AVAAX
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