Looking to diversify beyond AAMBX? The mutual funds below have historically moved differently from AAMBX, 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 AAMBX
16 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 -0.04, down from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.04 | 0.14 | 0.19 | 91 | Municipal Bonds | AAMBX vs DCARX | |
| DFA Municipal Real Return Portfolio | -0.00 | 0.17 | 0.21 | 94 | Municipal Bonds | AAMBX vs DMREX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.22 | 0.28 | — | 100 | Municipal Bonds | AAMBX vs DFABX | |
| Thrivent Mid Cap Stock Fund Class S | 0.23 | 0.16 | 0.12 | 63 | Mid Cap Blend Equities | AAMBX vs TMSIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.23 | 0.22 | 0.20 | 99 | Municipal Bonds | AAMBX vs TFCYX |
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