Looking to diversify beyond ACGYX? The mutual funds below have the lowest correlation with ACGYX — 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 ACGYX.
Best Diversifiers for ACGYX
8 mutual funds have low correlation with ACGYX (below 0.3), 1 of which are negatively correlated. The least correlated is AB Municipal Bond Inflation Strategy (AUNYX) (Municipal Bonds) with a 1Y correlation of -0.03, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AB Municipal Bond Inflation Strategy | -0.03 | 0.18 | 0.11 | 93 | Municipal Bonds | ACGYX vs AUNYX | |
| AB Emerging Markets Multi-Asset Portfolio | 0.24 | 0.23 | 0.24 | 89 | Emerging Markets Diversified | ACGYX vs ABIEX | |
| AB Select US Long/Short Portfolio | 0.24 | 0.17 | 0.13 | 80 | Long-Short | ACGYX vs ASILX | |
| AB Select US Equity Portfolio | 0.27 | 0.20 | 0.16 | 75 | Large Cap Blend Equities | ACGYX vs AUUIX | |
| AB Value Fund | 0.28 | 0.23 | 0.16 | 87 | Large Cap Value Equities | ACGYX vs ABVYX |
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