Looking to diversify beyond AAMBX? The mutual funds below have the lowest correlation with AAMBX — 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 AAMBX.
Best Diversifiers for AAMBX
15 mutual funds have low correlation with AAMBX (below 0.3), 2 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.05, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.05 | 0.15 | 0.19 | 95 | Municipal Bonds | AAMBX vs DCARX | |
| DFA Municipal Real Return Portfolio | -0.00 | 0.18 | 0.20 | 94 | Municipal Bonds | AAMBX vs DMREX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.18 | 0.28 | 0.39 | 100 | Municipal Bonds | AAMBX vs DFABX | |
| Thrivent Large Cap Value Fund | 0.20 | 0.15 | 0.08 | 86 | Large Cap Value Equities | AAMBX vs AAUTX | |
| DFA Short Term Municipal Bond Portfolio | 0.20 | 0.27 | 0.35 | 99 | Municipal Bonds | AAMBX vs DFSMX |
See all 29 diversifiers for AAMBX
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