Looking to diversify beyond AZMIX? The mutual funds below have the lowest correlation with AZMIX — 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 AZMIX.
Best Diversifiers for AZMIX
0 mutual funds have low correlation with AZMIX (below 0.3), 0 of which are negatively correlated. The least correlated is Virtus NFJ Dividend Value Fund (NFJEX) (Large Cap Value Equities) with a 1Y correlation of 0.36, down from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus NFJ Dividend Value Fund | 0.36 | 0.37 | 0.46 | 82 | Large Cap Value Equities | AZMIX vs NFJEX | |
| Virtus Small-Cap Fund | 0.39 | 0.39 | 0.47 | 74 | Small Cap Blend Equities | AZMIX vs AZBIX | |
| Virtus Short Duration High Income Fund | 0.40 | 0.35 | 0.42 | 76 | High Yield Bonds | AZMIX vs ASHIX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.42 | 0.57 | 0.66 | 87 | Emerging Markets Diversified | AZMIX vs ESCIX | |
| Virtus Income & Growth Fund | 0.49 | 0.49 | 0.56 | 73 | Diversified Portfolio | AZMIX vs AZNIX |
See all 33 diversifiers for AZMIX
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Diversification Analysis
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