Looking to diversify beyond AABFX? The mutual funds below have the lowest correlation with AABFX — 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 AABFX.
Best Diversifiers for AABFX
2 mutual funds have low correlation with AABFX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.05, down from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.05 | 0.16 | 0.49 | 70 | Diversified Portfolio | AABFX vs MHELX | |
| Thrivent High Income Municipal Bond Fund | 0.29 | 0.33 | 0.27 | 80 | High Yield Muni | AABFX vs THMBX | |
| Thrivent Municipal Bond Fund | 0.33 | 0.36 | 0.29 | 63 | Municipal Bonds | AABFX vs AAMBX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.39 | 0.59 | 0.63 | 82 | Diversified Portfolio | AABFX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.39 | 0.59 | 0.63 | 86 | Diversified Portfolio | AABFX vs FSIRX |
See all 38 diversifiers for AABFX
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