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American Funds American Balanced Fund Class F-3 (AFMBX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 25, 2026

The American Balanced Fund (AFMBX) is a mutual fund that follows a balanced investment strategy, meaning it seeks growth and income. To do this, the fund invests in a mix of stocks and bonds to provide investors with a balance of potential capital appreciation and steady income.

The fund's equity portion typically consists of a mix of growth-oriented and dividend-paying stocks and may be invested in various sectors and industries. The fixed-income portion of the portfolio generally consists of investment-grade bonds, which are considered less risky than lower-rated bonds.

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

1 mutual funds have low correlation with AFMBX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.05, down from 0.48 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
MHELX
MH Elite Small Cap Fund of Funds Fund0.050.160.48
75
Diversified PortfolioAFMBX vs MHELX
FCSRX
Fidelity Advisor Strategic Real Return Fund Class ...0.370.550.62
82
Diversified PortfolioAFMBX vs FCSRX
FIQDX
Fidelity Advisor Strategic Real Return Fund Class ...0.370.540.62
87
Diversified PortfolioAFMBX vs FIQDX
FSIRX
Fidelity Advisor Strategic Real Return Fund Class ...0.370.550.63
87
Diversified PortfolioAFMBX vs FSIRX
FSRKX
Fidelity Strategic Real Return Fund Class K60.370.550.62
88
Diversified PortfolioAFMBX vs FSRKX
See all 35 diversifiers for AFMBX

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