Looking to diversify beyond ABWYX? The mutual funds below have the lowest correlation with ABWYX — 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 ABWYX.
Best Diversifiers for ABWYX
1 mutual funds have low correlation with ABWYX (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 0.03, down from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.03 | 0.15 | 0.47 | 69 | Diversified Portfolio | ABWYX vs MHELX | |
| AB Municipal Income Shares | 0.32 | 0.35 | 0.30 | 68 | High Yield Muni | ABWYX vs MISHX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.37 | 0.59 | 0.65 | 96 | Diversified Portfolio | ABWYX vs FSIRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.37 | 0.59 | 0.65 | 96 | Diversified Portfolio | ABWYX vs FIQDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.37 | 0.60 | 0.65 | 95 | Diversified Portfolio | ABWYX vs FCSRX |
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