Looking to diversify beyond ABNFX? The mutual funds below have the lowest correlation with ABNFX — 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 ABNFX.
Best Diversifiers for ABNFX
1 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 0.30, up from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Funds Fundamental Investors Class A | 0.30 | 0.19 | 0.15 | 70 | Large Cap Blend Equities, Actively Managed | ABNFX vs ANCFX | |
| American Funds American Balanced Fund Class A | 0.39 | 0.35 | 0.31 | 83 | Diversified Portfolio | ABNFX vs ABALX | |
| American Funds Capital Income Builder Fund Class F... | 0.42 | 0.39 | 0.30 | 62 | Dividend | ABNFX vs CAIFX | |
| American Funds American High-Inc F2 | 0.57 | 0.55 | 0.48 | 82 | High Yield Bonds | ABNFX vs AHIFX | |
| American High-Income Municipal Bond Fund | 0.65 | 0.67 | 0.59 | 78 | High Yield Muni | ABNFX vs AMHIX |
See all 8 diversifiers for ABNFX
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