Looking to diversify beyond ABIYX? The mutual funds below have historically moved differently from ABIYX, 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 ABIYX
0 mutual funds have low correlation with ABIYX (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 0.34, up from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AB Municipal Income Shares | 0.34 | 0.23 | 0.17 | 81 | High Yield Muni | ABIYX vs MISHX | |
| Federated Hermes International Strategic Value Div... | 0.53 | 0.61 | 0.72 | 88 | Foreign Large Cap Equities | ABIYX vs IVFIX | |
| AB High Income Fund | 0.55 | 0.49 | 0.51 | 68 | High Yield Bonds | ABIYX vs AGDAX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.56 | 0.71 | 0.78 | 61 | Foreign Large Cap Equities | ABIYX vs GSINX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.56 | 0.71 | 0.78 | 61 | Foreign Large Cap Equities | ABIYX vs GSIMX |
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