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AB High Income Fund (AGDAX) Diversifiers

Mutual Fund · Currency in USD · Last updated Aug 5, 2026
Documentation

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 historically moved differently from AGDAX, 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 AGDAX

5 mutual funds have low correlation with AGDAX (below 0.3), 1 of which are negatively correlated. The least correlated is Fairholme Focused Income Fund (FOCIX) (High Yield Bonds) with a 1Y correlation of -0.07, down from 0.28 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
FOCIX
Fairholme Focused Income Fund-0.070.160.28
71
High Yield BondsAGDAX vs FOCIX
XILSX
Pioneer ILS Interval Fund0.040.070.07
100
High Yield BondsAGDAX vs XILSX
CCLFX
Cliffwater Corporate Lending Fund Class I Shares0.060.080.11
100
Bank Loan, High Yield BondsAGDAX vs CCLFX
AUNYX
AB Municipal Bond Inflation Strategy0.150.260.26
83
Municipal BondsAGDAX vs AUNYX
RPHIX
RiverPark Short Term High Yield Fund0.210.210.26
100
High Yield BondsAGDAX vs RPHIX
See all 58 diversifiers for AGDAX

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Low-Correlation Stock Ideas

The table shows companies with at least $1B in market capitalization, historical correlation data for AGDAX, 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 BlackRock Science and Technology Trust (BST) (Financial Services) with a 1Y correlation of 0.53, roughly unchanged from 0.46 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
BST
BlackRock Science and Technology Trust0.530.410.46
84
Financial Services

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