Looking to diversify beyond USAUX? The mutual funds below have historically moved differently from USAUX, 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 USAUX
16 mutual funds have low correlation with USAUX (below 0.3), 0 of which are negatively correlated. The least correlated is Victory Pioneer Multi-Asset Ultrashort Income Fund Class A (MAFRX) (Ultrashort Bond) with a 1Y correlation of 0.02, roughly unchanged from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Victory Pioneer Multi-Asset Ultrashort Income Fund... | 0.02 | 0.03 | 0.06 | 99 | Ultrashort Bond | USAUX vs MAFRX | |
| Victory Pioneer Cat Bond Fund Class Y | 0.05 | — | — | 100 | Nontraditional Bonds | USAUX vs CBYYX | |
| USAA Ultra Short-Term Bond Fund | 0.13 | 0.10 | 0.12 | 99 | Ultrashort Bond | USAUX vs UUSTX | |
| USAA Virginia Bond Fund | 0.15 | 0.08 | 0.10 | 85 | Municipal Bonds | USAUX vs USVAX | |
| Victory INCORE Low Duration Bond Fund | 0.16 | 0.08 | 0.21 | 85 | Short-Term Bond | USAUX vs RLDAX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for USAUX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Nuveen AMT-Free Quality Municipal Income Fund (NEA) (Financial Services) with a 1Y correlation of 0.26, roughly unchanged from 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Nuveen AMT-Free Quality Municipal Income Fund | 0.26 | 0.22 | 0.27 | 78 | Financial Services |
Build a portfolio that complements USAUX
Add USAUX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with USAUX