Looking to diversify beyond ABTYX? The mutual funds below have historically moved differently from ABTYX, 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 ABTYX
1 mutual funds have low correlation with ABTYX (below 0.3), 0 of which are negatively correlated. The least correlated is American Funds New World Fund Class F-3 (FNWFX) (Emerging Markets Equities) with a 1Y correlation of 0.20, roughly unchanged from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Funds New World Fund Class F-3 | 0.20 | 0.13 | 0.14 | 55 | Emerging Markets Equities | ABTYX vs FNWFX | |
| AB Municipal Bond Inflation Strategy | 0.32 | 0.47 | 0.43 | 85 | Municipal Bonds | ABTYX vs AUNYX | |
| AB High Income Fund | 0.49 | 0.53 | 0.51 | 68 | High Yield Bonds | ABTYX vs AGDAX | |
| First Eagle Short Duration High Yield Municipal Fu... | 0.62 | — | — | 73 | High Yield Muni | ABTYX vs FDUAX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 0.68 | 0.71 | 0.72 | 91 | High Yield Muni | ABTYX vs NVHIX |
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