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AB High Income Fund (AGDAX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 4, 2026

The investment seeks to maximize total returns from price appreciation and income. The fund pursues income opportunities from government, corporate, emerging market and high-yield sources. It has the flexibility to invest in a broad range of fixed-income securities in both developed and emerging market countries. The fund's investments may include U.S. and non-U.S. corporate debt securities and sovereign debt securities. It may invest, without limitation, in either U.S. Dollar-denominated or non-U.S. Dollar-denominated fixed-income securities.

Looking to diversify beyond AGDAX? The mutual funds below have the lowest correlation with AGDAX — 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 AGDAX.

Best Diversifiers for AGDAX

5 mutual funds have low correlation with AGDAX (below 0.3), 0 of which are negatively correlated. The least correlated is Cliffwater Corporate Lending Fund (CCLFX) (High Yield Bonds) with a 1Y correlation of 0.02, roughly unchanged from 0.10 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
CCLFX
Cliffwater Corporate Lending Fund0.020.080.10
100
High Yield BondsAGDAX vs CCLFX
XILSX
Pioneer ILS Interval Fund0.040.070.07
100
High Yield BondsAGDAX vs XILSX
AUNYX
AB Municipal Bond Inflation Strategy0.080.240.26
94
Municipal BondsAGDAX vs AUNYX
RPHIX
RiverPark Short Term High Yield Fund0.180.190.26
100
High Yield BondsAGDAX vs RPHIX
ANBIX
AB Bond Inflation Strategy0.240.450.44
72
Inflation-Protected BondsAGDAX vs ANBIX
See all 55 diversifiers for AGDAX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from AGDAX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AGDAX and solid risk/return profiles. The least correlated is BlackRock Science and Technology Trust (BST) (Financial Services) with a 1Y correlation of 0.46, roughly unchanged from 0.46 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
BST
BlackRock Science and Technology Trust0.460.400.46
88
Financial Services

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