Looking to diversify beyond ABNFX? The mutual funds below have historically moved differently from ABNFX, 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 ABNFX
0 mutual funds have low correlation with ABNFX (below 0.3), 0 of which are negatively correlated. The least correlated is American Funds Fundamental Investors Class A (ANCFX) (Large Cap Blend Equities) with a 1Y correlation of 0.31, up from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Funds Fundamental Investors Class A | 0.31 | 0.19 | 0.16 | 65 | Large Cap Blend Equities, Actively Managed | ABNFX vs ANCFX | |
| American Funds EUPAC Fund Class R-6 | 0.33 | 0.23 | 0.21 | 51 | Foreign Large Cap Equities, Large Cap Growth Equities, Actively Managed | ABNFX vs RERGX | |
| American Funds The Income Fund of America Class A | 0.34 | 0.33 | 0.28 | 81 | Diversified Portfolio, Dividend | ABNFX vs AMECX | |
| American Funds Washington Mutual Investors Fund Cl... | 0.34 | 0.22 | 0.16 | 60 | Large Cap Blend Equities | ABNFX vs AWSHX | |
| American Funds American Balanced Fund Class A | 0.39 | 0.34 | 0.32 | 79 | Diversified Portfolio | ABNFX vs ABALX |
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