Looking to diversify beyond ADNPX? The mutual funds below have historically moved differently from ADNPX, 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 ADNPX
0 mutual funds have low correlation with ADNPX (below 0.3), 0 of which are negatively correlated. The least correlated is American Beacon Developing World Income Fund Class Y (AGEYX) (Emerging Markets Bonds) with a 1Y correlation of 0.30, roughly unchanged from 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Beacon Developing World Income Fund Class... | 0.30 | 0.29 | 0.26 | 99 | Emerging Markets Bonds | ADNPX vs AGEYX | |
| American Beacon AHL Managed Futures Strategy Fund | 0.30 | 0.14 | 0.03 | 93 | Systematic Trend | ADNPX vs AHLPX | |
| American Beacon AHL Managed Futures Strategy Fund ... | 0.30 | 0.14 | 0.02 | 94 | Systematic Trend | ADNPX vs AHLIX | |
| American Beacon TwentyFour Sustainable Short Term ... | 0.30 | 0.17 | 0.19 | 60 | Short-Term Bond | ADNPX vs TFBYX | |
| American Beacon TwentyFour Strategic Income Fund | 0.32 | 0.23 | 0.24 | 56 | Multisector Bonds | ADNPX vs TFGPX |
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