Looking to diversify beyond ABHYX? The mutual funds below have the lowest correlation with ABHYX — 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 ABHYX.
Best Diversifiers for ABHYX
3 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 Class I (ACIIX) (Large Cap Value Equities) with a 1Y correlation of 0.15, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Century Equity Income Fund Class I | 0.15 | 0.15 | 0.11 | 52 | Large Cap Value Equities | ABHYX vs ACIIX | |
| American Century Equity Income Fund | 0.15 | 0.15 | 0.11 | 51 | Large Cap Value Equities | ABHYX vs TWEIX | |
| American Century Disciplined Core Value Fund | 0.19 | 0.14 | 0.08 | 82 | Large Cap Value Equities | ABHYX vs BIGRX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 0.66 | 0.72 | 0.70 | 65 | High Yield Muni | ABHYX vs NVHIX | |
| Russell Investments Tax-Exempt High Yield Bond Fun... | 0.67 | 0.80 | 0.84 | 68 | High Yield Muni | ABHYX vs RTHAX |
See all 27 diversifiers for ABHYX
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