Looking to diversify beyond AFMBX? The mutual funds below have the lowest correlation with AFMBX — 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 AFMBX.
Best Diversifiers for AFMBX
2 mutual funds have low correlation with AFMBX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.16, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.16 | 0.03 | 0.17 | 76 | Diversified Portfolio | AFMBX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.08 | 0.18 | 0.49 | 69 | Diversified Portfolio | AFMBX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.34 | 0.54 | 0.62 | 95 | Diversified Portfolio | AFMBX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.34 | 0.54 | 0.62 | 96 | Diversified Portfolio | AFMBX vs FIQDX | |
| Fidelity Strategic Real Return Fund Class K6 | 0.35 | 0.54 | 0.63 | 96 | Diversified Portfolio | AFMBX vs FSRKX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements AFMBX
Add AFMBX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with AFMBX