Looking to diversify beyond AGTHX? The mutual funds below have historically moved differently from AGTHX, 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 AGTHX
11 mutual funds have low correlation with AGTHX (below 0.3), 1 of which are negatively correlated. The least correlated is Fidelity Select Energy Portfolio (FSENX) (Energy Equities) with a 1Y correlation of -0.13, down from 0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | -0.13 | 0.14 | 0.28 | 87 | Energy Equities | AGTHX vs FSENX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.12 | 0.10 | 0.15 | 91 | Inflation-Protected Bonds | AGTHX vs VTAPX | |
| American High-Income Municipal Bond Fund Class F-3 | 0.20 | 0.14 | 0.13 | 90 | High Yield Muni | AGTHX vs HIMFX | |
| American High-Income Municipal Bond Fund Class F-2 | 0.20 | 0.14 | 0.13 | 90 | High Yield Muni | AGTHX vs AHMFX | |
| MFS California Municipal Bond Fund | 0.21 | 0.16 | 0.14 | 75 | Municipal Bonds | AGTHX vs MCFTX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AGTHX, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.38, down from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.38 | -0.12 | 0.01 | 66 | Consumer Defensive | |
| Duke Energy Corporation | -0.32 | -0.14 | -0.02 | 56 | Utilities | |
| Chevron Corporation | -0.29 | -0.01 | 0.15 | 80 | Energy | |
| Chubb Limited | -0.29 | -0.04 | 0.13 | 89 | Financial Services | |
| The Coca-Cola Company | -0.28 | -0.08 | 0.10 | 90 | Consumer Defensive |
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