Looking to diversify beyond AXBAX? The mutual funds below have the lowest correlation with AXBAX — 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 AXBAX.
Best Diversifiers for AXBAX
2 mutual funds have low correlation with AXBAX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.20, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.20 | -0.03 | 0.11 | 73 | Diversified Portfolio | AXBAX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.05 | 0.17 | 0.51 | 64 | Diversified Portfolio | AXBAX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.33 | 0.52 | 0.60 | 96 | Diversified Portfolio | AXBAX vs FIQDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.34 | 0.53 | 0.60 | 95 | Diversified Portfolio | AXBAX vs FCSRX | |
| Fidelity Strategic Real Return Fund Class K6 | 0.35 | 0.53 | 0.60 | 96 | Diversified Portfolio | AXBAX vs FSRKX |
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