Looking to diversify beyond AADBX? The mutual funds below have the lowest correlation with AADBX — 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 AADBX.
Best Diversifiers for AADBX
2 mutual funds have low correlation with AADBX (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 0.02, down from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.02 | 0.18 | 0.51 | 64 | Diversified Portfolio | AADBX vs MHELX | |
| SEI Institutional Managed Trust Multi-Asset Inflat... | 0.02 | 0.16 | 0.27 | 73 | Diversified Portfolio | AADBX vs SIFAX | |
| American Beacon Frontier Markets Income Fund | 0.30 | 0.30 | 0.32 | 98 | Emerging Markets Bonds | AADBX vs AGEPX | |
| American Beacon Developing World Income Fund Class... | 0.34 | 0.31 | 0.33 | 98 | Emerging Markets Bonds | AADBX vs AGEYX | |
| American Beacon AHL Managed Futures Strategy Fund | 0.36 | 0.13 | 0.05 | 87 | Systematic Trend | AADBX vs AHLPX |
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