Looking to diversify beyond ABCVX? The mutual funds below have the lowest correlation with ABCVX — 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 ABCVX.
Best Diversifiers for ABCVX
1 mutual funds have low correlation with ABCVX (below 0.3), 0 of which are negatively correlated. The least correlated is American Beacon Frontier Markets Income Fund (AGEPX) (Emerging Markets Bonds) with a 1Y correlation of 0.23, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Beacon Frontier Markets Income Fund | 0.23 | 0.22 | 0.26 | 98 | Emerging Markets Bonds | ABCVX vs AGEPX | |
| American Beacon AHL Managed Futures Strategy Fund | 0.41 | 0.16 | 0.06 | 91 | Systematic Trend | ABCVX vs AHLPX | |
| American Beacon SiM High Yld Opps Fund | 0.42 | 0.42 | 0.44 | 96 | High Yield Bonds | ABCVX vs SHYPX | |
| American Beacon Tocqueville International Value Fu... | 0.48 | 0.50 | 0.60 | 94 | Foreign Large Cap Equities | ABCVX vs TIVFX | |
| Federated Hermes Strategic Value Dividend Fund | 0.51 | 0.62 | 0.71 | 80 | Large Cap Value Equities | ABCVX vs SVAIX |
See all 32 diversifiers for ABCVX
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