PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

American Funds American Mutual Fund Class F-3 (AFMFX) Diversifiers

Mutual Fund · Currency in USD · Last updated Aug 1, 2026
Documentation

The American Mutual Fund (AFMFX) is an actively managed mutual fund managed by American Funds. It follows a conservative growth and income investment strategy aiming to provide investors with some level of capital appreciation while also generating income through dividends.

AFMFX typically invests in well-established companies with solid balance sheets and a history of consistently paying dividends to achieve its goals. These companies may be less volatile and more resilient to market downturns, which can help provide some downside protection for the fund. The fund may also invest in a variety of sectors and industries, with the goal of diversifying its portfolio and mitigating risk.

Looking to diversify beyond AFMFX? The mutual funds below have historically moved differently from AFMFX, 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 AFMFX

4 mutual funds have low correlation with AFMFX (below 0.3), 1 of which are negatively correlated. The least correlated is MFS Commodity Strategy Fund (MCSFX) (Commodities) with a 1Y correlation of -0.03, down from 0.17 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
MCSFX
MFS Commodity Strategy Fund-0.030.060.18
69
CommoditiesAFMFX vs MCSFX
CCLFX
Cliffwater Corporate Lending Fund Class I Shares0.110.120.08
100
Bank Loan, High Yield BondsAFMFX vs CCLFX
LEXCX
Voya Corporate Leaders Trust Fund0.200.510.66
93
Large Cap Value EquitiesAFMFX vs LEXCX
GQHPX
GQG Partners US Quality Dividend Income Fund0.250.570.70
62
Quality Factor, Large Cap Value EquitiesAFMFX vs GQHPX
LEIFX
Federated Hermes Equity Income Fund0.330.580.76
72
Dividend, Large Cap Value EquitiesAFMFX vs LEIFX
See all 78 diversifiers for AFMFX

To view more results, upgrade your current subscription plan.

Low-Correlation Stock Ideas

The table shows companies with at least $1B in market capitalization, historical correlation data for AFMFX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Park National Corporation (PRK) (Financial Services) with a 1Y correlation of 0.40, down from 0.50 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
PRK
Park National Corporation0.400.470.50
79
Financial Services

Rows per page

1–1 of 1

Diversification Analysis

Build a portfolio that complements AFMFX

Add AFMFX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with AFMFX