Looking to diversify beyond ADNPX? The mutual funds below have the lowest correlation with ADNPX — 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 ADNPX.
Best Diversifiers for ADNPX
4 mutual funds have low correlation with ADNPX (below 0.3), 0 of which are negatively correlated. The least correlated is American Beacon Frontier Markets Income Fund (AGEPX) (Emerging Markets Bonds) with a 1Y correlation of 0.26, roughly unchanged from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Beacon Frontier Markets Income Fund | 0.26 | 0.27 | 0.25 | 98 | Emerging Markets Bonds | ADNPX vs AGEPX | |
| American Beacon Developing World Income Fund Class... | 0.27 | 0.29 | 0.25 | 98 | Emerging Markets Bonds | ADNPX vs AGEYX | |
| American Beacon TwentyFour Strategic Income Fund | 0.28 | 0.24 | 0.24 | 64 | Multisector Bonds | ADNPX vs TFGPX | |
| American Beacon TwentyFour Sustainable Short Term ... | 0.29 | 0.18 | 0.19 | 65 | Short-Term Bond | ADNPX vs TFBYX | |
| American Beacon AHL Managed Futures Strategy Fund ... | 0.30 | 0.14 | 0.03 | 89 | Systematic Trend | ADNPX vs AHLIX |
See all 26 diversifiers for ADNPX
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