Looking to diversify beyond ABIEX? The mutual funds below have the lowest correlation with ABIEX — 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 ABIEX.
Best Diversifiers for ABIEX
1 mutual funds have low correlation with ABIEX (below 0.3), 0 of which are negatively correlated. The least correlated is AB Municipal Income Shares (MISHX) (High Yield Muni) with a 1Y correlation of 0.23, roughly unchanged from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AB Municipal Income Shares | 0.23 | 0.18 | 0.21 | 68 | High Yield Muni | ABIEX vs MISHX | |
| AB High Income Fund | 0.46 | 0.44 | 0.51 | 67 | High Yield Bonds | ABIEX vs AGDAX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.52 | 0.64 | 0.71 | 85 | Emerging Markets Diversified | ABIEX vs ESCIX | |
| UBS Emerging Markets Equity Opportunity Fund | 0.63 | 0.73 | 0.78 | 94 | Emerging Markets Diversified | ABIEX vs EMPTX | |
| Wasatch Emerging Markets Small Cap Fund | 0.69 | 0.65 | 0.68 | 61 | Emerging Markets Diversified | ABIEX vs WAEMX |
See all 21 diversifiers for ABIEX
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