Looking to diversify beyond AGTHX? The mutual funds below have the lowest correlation with AGTHX — 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 AGTHX.
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 -0.12, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | -0.12 | 0.16 | 0.29 | 63 | Energy Equities | AGTHX vs FSENX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.12 | 0.11 | 0.15 | 91 | Inflation-Protected Bonds | AGTHX vs VTAPX | |
| American High-Income Municipal Bond Fund Class F-3 | 0.17 | 0.14 | 0.13 | 89 | High Yield Muni | AGTHX vs HIMFX | |
| American High-Income Municipal Bond Fund Class F-2 | 0.18 | 0.14 | 0.13 | 88 | High Yield Muni | AGTHX vs AHMFX | |
| Capital Group California Short-Term Municipal Fund | 0.20 | 0.13 | 0.10 | 77 | Municipal Bonds | AGTHX vs CCSTX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AGTHX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AGTHX and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.34, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.34 | -0.11 | 0.03 | 79 | Consumer Defensive | |
| Waste Management, Inc. | -0.28 | 0.00 | 0.17 | 51 | Industrials | |
| Duke Energy Corporation | -0.27 | -0.12 | -0.01 | 63 | Utilities | |
| The Coca-Cola Company | -0.26 | -0.07 | 0.11 | 82 | Consumer Defensive | |
| Verizon Communications Inc. | -0.25 | -0.08 | 0.05 | 54 | Communication Services |
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Build a portfolio that complements AGTHX
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