Looking to diversify beyond ABCVX? The mutual funds below have historically moved differently from ABCVX, 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 ABCVX
2 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 0.24, roughly unchanged from 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Beacon Frontier Markets Income Fund | 0.24 | 0.22 | 0.26 | 99 | Emerging Markets Bonds | ABCVX vs AGEPX | |
| American Beacon Developing World Income Fund Class... | 0.24 | 0.24 | 0.27 | 99 | Emerging Markets Bonds | ABCVX vs AGEYX | |
| Voya Corporate Leaders Trust Fund | 0.34 | 0.56 | 0.66 | 93 | Large Cap Value Equities | ABCVX vs LEXCX | |
| AMG Yacktman Focused Fund | 0.36 | 0.58 | 0.70 | 89 | Large Cap Value Equities | ABCVX vs YAFFX | |
| American Beacon AHL Managed Futures Strategy Fund | 0.39 | 0.15 | 0.05 | 91 | Systematic Trend | ABCVX vs AHLPX |
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