Looking to diversify beyond AAMTX? The mutual funds below have the lowest correlation with AAMTX — 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 AAMTX.
Best Diversifiers for AAMTX
0 mutual funds have low correlation with AAMTX (below 0.3), 0 of which are negatively correlated. The least correlated is American Funds The Income Fund of America Class A (AMECX) (Diversified Portfolio) with a 1Y correlation of 0.68, down from 0.83 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Funds The Income Fund of America Class A | 0.68 | 0.79 | 0.83 | 55 | Diversified Portfolio, Dividend | AAMTX vs AMECX | |
| Dimensional Retirement Income Fund | 0.77 | 0.76 | 0.74 | 84 | Target Retirement Date | AAMTX vs TDIFX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.78 | 0.73 | 0.74 | 67 | Target Retirement Date | AAMTX vs FRQAX | |
| Fidelity Managed Retirement Income Fund | 0.78 | 0.71 | 0.70 | 82 | Target Retirement Date | AAMTX vs FIRMX | |
| Fidelity Managed Retirement 2010 Fund Class K | 0.78 | 0.72 | 0.73 | 83 | Target Retirement Date | AAMTX vs FRQKX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AAMTX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AAMTX and solid risk/return profiles. The least correlated is MPLX LP (MPLX) (Energy) with a 1Y correlation of -0.01, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| MPLX LP | -0.01 | 0.24 | 0.34 | 82 | Energy | |
| NVIDIA Corporation | 0.54 | 0.58 | 0.66 | 65 | Technology | |
| Tesla, Inc. | 0.54 | 0.53 | 0.56 | 63 | Consumer Cyclical | |
| Amazon.com, Inc | 0.55 | 0.60 | 0.66 | 54 | Consumer Cyclical | |
| Micron Technology, Inc. | 0.58 | 0.58 | 0.61 | 99 | Technology |
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Build a portfolio that complements AAMTX
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