Looking to diversify beyond AHLIX? The mutual funds below have the lowest correlation with AHLIX — 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 AHLIX.
Best Diversifiers for AHLIX
5 mutual funds have low correlation with AHLIX (below 0.3), 0 of which are negatively correlated. The least correlated is The Arbitrage Fund Class Institutional (ARBNX) (Event Driven) with a 1Y correlation of 0.15, up from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| The Arbitrage Fund Class Institutional | 0.15 | 0.10 | 0.02 | 97 | Event Driven | AHLIX vs ARBNX | |
| BlackRock Event Driven Equity Fund | 0.16 | 0.06 | 0.01 | 74 | Event Driven | AHLIX vs BILPX | |
| American Beacon Developing World Income Fund Class... | 0.22 | 0.10 | 0.00 | 98 | Emerging Markets Bonds | AHLIX vs AGEYX | |
| American Beacon Frontier Markets Income Fund | 0.23 | 0.08 | -0.00 | 98 | Emerging Markets Bonds | AHLIX vs AGEPX | |
| American Beacon SiM High Yld Opps Fund | 0.24 | 0.00 | -0.06 | 96 | High Yield Bonds | AHLIX vs SHYPX |
See all 31 diversifiers for AHLIX
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