Looking to diversify beyond AZMIX? The mutual funds below have historically moved differently from AZMIX, 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 AZMIX
2 mutual funds have low correlation with AZMIX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs GQG Partners International Opportunities Fund Class R6 (GSIYX) (Foreign Large Cap Equities) with a 1Y correlation of 0.12, down from 0.48 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs GQG Partners International Opportuni... | 0.12 | 0.35 | 0.48 | 51 | Foreign Large Cap Equities, Emerging Markets Equities | AZMIX vs GSIYX | |
| The Cook & Bynum Fund | 0.17 | 0.26 | 0.36 | 70 | Emerging Markets Equities | AZMIX vs COBYX | |
| Virtus NFJ Small-Cap Value Fund | 0.37 | 0.36 | 0.45 | 68 | Small Cap Value Equities | AZMIX vs PSVIX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.38 | 0.55 | 0.65 | 91 | Emerging Markets Equities | AZMIX vs ESCIX | |
| Virtus NFJ Large-Cap Value Fund | 0.42 | 0.39 | 0.49 | 75 | Large Cap Value Equities | AZMIX vs ANVIX |
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