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American Funds The Bond Fund of America (ABNDX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 24, 2026

The investment seeks to provide as high a level of current income as is consistent with the preservation of capital. The fund invests at least 80% of its assets in bonds and other debt securities, which may be represented by other investment instruments, including derivatives. It invests at least 60% of its assets in debt securities rated A3 or better or A- or better by Nationally Recognized Statistical Ratings Organizations designated by the fund’s investment adviser, or in debt securities that are unrated but determined to be of equivalent quality by the fund’s investment adviser, including U.S. government securities, money market instruments or cash.

Looking to diversify beyond ABNDX? The mutual funds below have the lowest correlation with ABNDX — 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 ABNDX.

Best Diversifiers for ABNDX

5 mutual funds have low correlation with ABNDX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity OTC Portfolio (FOCPX) (Large Cap Growth Equities) with a 1Y correlation of 0.16, roughly unchanged from 0.10 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
FOCPX
Fidelity OTC Portfolio0.160.100.10
90
Large Cap Growth EquitiesABNDX vs FOCPX
FFHCX
Fidelity Series Floating Rate High Income Fund0.180.130.15
93
High Yield BondsABNDX vs FFHCX
NEWFX
American Funds New World Fund0.260.190.15
68
Emerging Markets DiversifiedABNDX vs NEWFX
ANEFX
American Funds The New Economy Fund0.270.170.14
88
Global EquitiesABNDX vs ANEFX
FXAIX
Fidelity 500 Index Fund0.290.190.14
65
S&P 500ABNDX vs FXAIX
See all 15 diversifiers for ABNDX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from ABNDX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ABNDX and solid risk/return profiles. The least correlated is Alphabet Inc. Class A (GOOGL) (Communication Services) with a 1Y correlation of 0.21, up from 0.10 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
GOOGL
Alphabet Inc. Class A0.210.090.10
96
Communication Services

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