Looking to diversify beyond AEMSX? The mutual funds below have historically moved differently from AEMSX, 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 AEMSX
6 mutual funds have low correlation with AEMSX (below 0.3), 1 of which are negatively correlated. The least correlated is abrdn Ultra Short Municipal Income Fund (ATOIX) (Municipal Bonds) with a 1Y correlation of -0.02, roughly unchanged from -0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| abrdn Ultra Short Municipal Income Fund | -0.02 | -0.05 | -0.03 | 100 | Municipal Bonds | AEMSX vs ATOIX | |
| abrdn Realty Income & Growth Fund | 0.06 | 0.25 | 0.34 | 82 | REIT | AEMSX vs AIGYX | |
| Abrdn Healthcare Opportunities Fund | 0.15 | 0.23 | 0.33 | 59 | Health & Biotech Equities | AEMSX vs THQ | |
| Goldman Sachs GQG Partners International Opportuni... | 0.17 | 0.49 | 0.60 | 56 | Foreign Large Cap Equities, Emerging Markets Equities | AEMSX vs GSIYX | |
| abrdn World Healthcare Fund | 0.24 | 0.28 | 0.33 | 84 | Health & Biotech Equities | AEMSX vs THW |
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