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AB Corporate Income Shares (ACISX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 4, 2026

The investment seeks high current income. The fund invests, under normal circumstances, at least 80% of its net assets in U.S. corporate bonds. It may also invest in U.S. government securities (other than U.S. government securities that are mortgage-backed or asset-backed securities), repurchase agreements and forward contracts relating to U.S. government securities. The fund has the flexibility to invest in long- and short-term fixed-income securities.

Looking to diversify beyond ACISX? The mutual funds below have the lowest correlation with ACISX — 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 ACISX.

Best Diversifiers for ACISX

0 mutual funds have low correlation with ACISX (below 0.3), 0 of which are negatively correlated. The least correlated is Miller Intermediate Bond Fund (MIFIX) (Corporate Bonds) with a 1Y correlation of 0.42, up from 0.26 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
MIFIX
Miller Intermediate Bond Fund0.420.330.26
92
Corporate BondsACISX vs MIFIX
AGDAX
AB High Income Fund0.590.640.61
73
High Yield BondsACISX vs AGDAX
MISHX
AB Municipal Income Shares0.630.760.60
69
High Yield MuniACISX vs MISHX
VSTBX
Vanguard Short-Term Corporate Bond Index Fund Inst...0.800.840.84
81
Corporate BondsACISX vs VSTBX
VSCSX
Vanguard Short-Term Corporate Bond Index Fund Admi...0.830.850.84
80
Corporate BondsACISX vs VSCSX

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