Looking to diversify beyond ACGYX? The mutual funds below have historically moved differently from ACGYX, 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 ACGYX
2 mutual funds have low correlation with ACGYX (below 0.3), 0 of which are negatively correlated. The least correlated is AB Municipal Bond Inflation Strategy (AUNYX) (Municipal Bonds) with a 1Y correlation of 0.03, roughly unchanged from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AB Municipal Bond Inflation Strategy | 0.03 | 0.19 | 0.12 | 85 | Municipal Bonds | ACGYX vs AUNYX | |
| AB Emerging Markets Multi-Asset Portfolio | 0.29 | 0.22 | 0.25 | 62 | Diversified Portfolio | ACGYX vs ABIEX | |
| AB Select US Long/Short Portfolio | 0.31 | 0.18 | 0.14 | 69 | Long-Short | ACGYX vs ASILX | |
| AB Small Cap Value Portfolio | 0.32 | 0.24 | 0.18 | 81 | Small Cap Value Equities | ACGYX vs SCYVX | |
| AB Relative Value Fund | 0.32 | 0.23 | 0.18 | 88 | Large Cap Value Equities | ACGYX vs CABDX |
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