Looking to diversify beyond ABPYX? The mutual funds below have the lowest correlation with ABPYX — 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 ABPYX.
Best Diversifiers for ABPYX
4 mutual funds have low correlation with ABPYX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.06, down from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.06 | 0.18 | 0.50 | 64 | Diversified Portfolio | ABPYX vs MHELX | |
| AB Municipal Income Shares | 0.23 | 0.31 | 0.25 | 67 | High Yield Muni | ABPYX vs MISHX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.30 | 0.50 | 0.56 | 96 | Diversified Portfolio | ABPYX vs FSIRX | |
| Fidelity Strategic Real Return Fund | 0.30 | 0.51 | 0.57 | 96 | Diversified Portfolio | ABPYX vs FSRRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.30 | 0.50 | 0.56 | 95 | Diversified Portfolio | ABPYX vs FCSRX |
See all 21 diversifiers for ABPYX
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