Looking to diversify beyond AAMTX? The mutual funds below have historically moved differently from AAMTX, 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 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 0.65, down from 0.82 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Funds The Income Fund of America Class A | 0.65 | 0.77 | 0.82 | 81 | Diversified Portfolio, Dividend | AAMTX vs AMECX | |
| Dimensional Retirement Income Fund | 0.77 | 0.76 | 0.74 | 81 | Target Retirement Date | AAMTX vs TDIFX | |
| Dimensional 2015 Target Date Retirement Income Fun... | 0.80 | 0.71 | 0.66 | 53 | Target Retirement Date | AAMTX vs DRIQX | |
| Prudential Day One Income Fund | 0.81 | 0.79 | 0.81 | 85 | Target Retirement Date | AAMTX vs PDAHX | |
| MFS Lifetime Income Fund | 0.81 | 0.77 | 0.80 | 66 | Target Retirement Date | AAMTX vs MLLIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AAMTX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is MPLX LP (MPLX) (Energy) with a 1Y correlation of -0.03, down from 0.33 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| MPLX LP | -0.03 | 0.22 | 0.33 | 79 | Energy | |
| NVIDIA Corporation | 0.56 | 0.58 | 0.66 | 56 | Technology | |
| Amazon.com, Inc | 0.57 | 0.60 | 0.66 | 60 | Consumer Cyclical | |
| Micron Technology, Inc. | 0.60 | 0.59 | 0.60 | 99 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.70 | 0.67 | 0.67 | 87 | Technology |
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