Looking to diversify beyond ABHYX? The mutual funds below have historically moved differently from ABHYX, 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 ABHYX
4 mutual funds have low correlation with ABHYX (below 0.3), 0 of which are negatively correlated. The least correlated is American Century Equity Income Fund (TWEIX) (Dividend) with a 1Y correlation of 0.18, roughly unchanged from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Century Equity Income Fund | 0.18 | 0.15 | 0.11 | 83 | Dividend, Large Cap Value Equities | ABHYX vs TWEIX | |
| American Century Equity Income Fund Class I | 0.19 | 0.15 | 0.11 | 84 | Dividend, Large Cap Value Equities | ABHYX vs ACIIX | |
| American Century Disciplined Core Value Fund | 0.23 | 0.15 | 0.09 | 90 | Large Cap Value Equities | ABHYX vs BIGRX | |
| Fidelity Capital & Income Fund | 0.27 | 0.30 | 0.31 | 74 | High Yield Bonds | ABHYX vs FAGIX | |
| Fidelity Short-Term Bond Index Fund | 0.54 | 0.57 | 0.52 | 61 | Total Bond Market | ABHYX vs FNSOX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements ABHYX
Add ABHYX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ABHYX