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
9 mutual funds have low correlation with AGTHX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Short-Term Inflation-Protected Securities Index Fund Admiral Shares (VTAPX) (Inflation-Protected Bonds) with a 1Y correlation of 0.08, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Inflation-Protected Securities... | 0.08 | 0.10 | 0.15 | 89 | Inflation-Protected Bonds | AGTHX vs VTAPX | |
| Capital Group California Short-Term Municipal Fund | 0.15 | 0.13 | 0.09 | 77 | Municipal Bonds | AGTHX vs CCSTX | |
| American High-Income Municipal Bond Fund Class F-3 | 0.17 | 0.14 | 0.12 | 81 | High Yield Muni | AGTHX vs HIMFX | |
| American High-Income Municipal Bond Fund Class F-2 | 0.17 | 0.13 | 0.12 | 80 | High Yield Muni | AGTHX vs AHMFX | |
| American Funds Tax-Exempt Fund of California | 0.20 | 0.13 | 0.12 | 70 | Municipal Bonds | AGTHX vs TAFTX |
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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 -0.29, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.29 | -0.08 | 0.04 | 70 | Consumer Defensive | |
| Duke Energy Corporation | -0.24 | -0.11 | -0.01 | 62 | Utilities | |
| Exxon Mobil Corporation | -0.22 | 0.00 | 0.14 | 68 | Energy | |
| The Coca-Cola Company | -0.21 | -0.05 | 0.11 | 74 | Consumer Defensive | |
| Chevron Corporation | -0.20 | 0.03 | 0.16 | 68 | Energy |
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Build a portfolio that complements AGTHX
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