Looking to diversify beyond ABEMX? The mutual funds below have the lowest correlation with ABEMX — 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 ABEMX.
Best Diversifiers for ABEMX
4 mutual funds have low correlation with ABEMX (below 0.3), 1 of which are negatively correlated. The least correlated is abrdn Ultra Short Municipal Income Fund (ATOIX) (Municipal Bonds) with a 1Y correlation of -0.05, roughly unchanged from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| abrdn Ultra Short Municipal Income Fund | -0.05 | -0.05 | -0.03 | 99 | Municipal Bonds | ABEMX vs ATOIX | |
| abrdn Short Duration High Yield Municipal Fund | 0.12 | 0.09 | 0.10 | 57 | High Yield Muni | ABEMX vs AHYMX | |
| abrdn World Healthcare Fund | 0.24 | 0.28 | 0.34 | 61 | Health & Biotech Equities | ABEMX vs THW | |
| abrdn Global Absolute Return Strategies Fund | 0.26 | 0.16 | 0.07 | 53 | Macro Trading | ABEMX vs CGFIX | |
| abrdn Global Infrastructure Fund | 0.40 | 0.48 | 0.56 | 64 | Energy Equities | ABEMX vs AIFRX |
See all 35 diversifiers for ABEMX
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