Looking to diversify beyond AHLIX? The mutual funds below have historically moved differently from AHLIX, 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 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 0.11, up from -0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| The Arbitrage Fund Class Institutional | 0.11 | 0.07 | -0.00 | 96 | Event Driven | AHLIX vs ARBNX | |
| BlackRock Event Driven Equity Fund | 0.12 | 0.04 | -0.02 | 82 | Event Driven | AHLIX vs BILPX | |
| American Beacon SiM High Yld Opps Fund | 0.20 | -0.00 | -0.06 | 96 | High Yield Bonds | AHLIX vs SHYPX | |
| American Beacon Developing World Income Fund Class... | 0.21 | 0.10 | 0.00 | 99 | Emerging Markets Bonds | AHLIX vs AGEYX | |
| American Beacon Frontier Markets Income Fund | 0.24 | 0.08 | -0.01 | 99 | Emerging Markets Bonds | AHLIX vs AGEPX |
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