Looking to diversify beyond ABVYX? The mutual funds below have the lowest correlation with ABVYX — 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 ABVYX.
Best Diversifiers for ABVYX
1 mutual funds have low correlation with ABVYX (below 0.3), 0 of which are negatively correlated. The least correlated is AB Municipal Income Shares (MISHX) (High Yield Muni) with a 1Y correlation of 0.22, up from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AB Municipal Income Shares | 0.22 | 0.19 | 0.12 | 76 | High Yield Muni | ABVYX vs MISHX | |
| Federated Hermes Strategic Value Dividend Fund | 0.43 | 0.57 | 0.70 | 86 | Large Cap Value Equities | ABVYX vs SVAIX | |
| AB High Income Fund | 0.46 | 0.44 | 0.45 | 72 | High Yield Bonds | ABVYX vs AGDAX | |
| AMG Yacktman Focused Fund | 0.48 | 0.65 | 0.77 | 84 | Large Cap Value Equities | ABVYX vs YAFFX | |
| Buffalo Flexible Income Fund | 0.49 | 0.70 | 0.79 | 52 | Large Cap Value Equities | ABVYX vs BUFBX |
See all 32 diversifiers for ABVYX
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