Looking to diversify beyond AGEYX? The mutual funds below have historically moved differently from AGEYX, 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 AGEYX
5 mutual funds have low correlation with AGEYX (below 0.3), 0 of which are negatively correlated. The least correlated is American Beacon AHL Managed Futures Strategy Fund Class R5 (AHLIX) (Systematic Trend) with a 1Y correlation of 0.21, up from 0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Beacon AHL Managed Futures Strategy Fund ... | 0.21 | 0.10 | 0.00 | 94 | Systematic Trend | AGEYX vs AHLIX | |
| American Beacon AHL Managed Futures Strategy Fund | 0.21 | 0.10 | 0.01 | 93 | Systematic Trend | AGEYX vs AHLPX | |
| American Beacon The London Company Income Equity F... | 0.24 | 0.24 | 0.27 | 68 | Large Cap Value Equities | AGEYX vs ABCVX | |
| American Beacon Small Cap Value Fund | 0.29 | 0.29 | 0.28 | 85 | Small Cap Value Equities | AGEYX vs AVFIX | |
| American Beacon Large Cap Value Fund | 0.30 | 0.26 | 0.28 | 77 | Large Cap Value Equities | AGEYX vs AADEX |
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