Looking to diversify beyond ABTYX? The mutual funds below have the lowest correlation with ABTYX — 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 ABTYX.
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 Diversified) with a 1Y correlation of 0.18, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Funds New World Fund Class F-3 | 0.18 | 0.14 | 0.13 | 65 | Emerging Markets Diversified | ABTYX vs FNWFX | |
| AB Municipal Bond Inflation Strategy | 0.30 | 0.45 | 0.42 | 93 | Municipal Bonds | ABTYX vs AUNYX | |
| AB High Income Fund | 0.46 | 0.54 | 0.51 | 76 | High Yield Bonds | ABTYX vs AGDAX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 0.65 | 0.69 | 0.71 | 57 | High Yield Muni | ABTYX vs NVHIX | |
| Counterpoint Tactical Municipal Fund | 0.67 | 0.68 | 0.63 | 54 | High Yield Muni | ABTYX vs TMNIX |
See all 19 diversifiers for ABTYX
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