Looking to diversify beyond AHLPX? The mutual funds below have the lowest correlation with AHLPX — 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 AHLPX.
Best Diversifiers for AHLPX
6 mutual funds have low correlation with AHLPX (below 0.3), 0 of which are negatively correlated. The least correlated is American Beacon TwentyFour Sustainable Short Term Bond Fund (TFBYX) (Short-Term Bond) with a 1Y correlation of 0.06, up from -0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Beacon TwentyFour Sustainable Short Term ... | 0.06 | -0.06 | -0.12 | 64 | Short-Term Bond | AHLPX vs TFBYX | |
| American Beacon TwentyFour Strategic Income Fund | 0.11 | -0.09 | -0.10 | 64 | Multisector Bonds | AHLPX vs TFGPX | |
| American Beacon SiM High Yield Opportunities Fund ... | 0.23 | -0.01 | -0.06 | 96 | High Yield Bonds | AHLPX vs SHOYX | |
| American Beacon Frontier Markets Income Fund | 0.23 | 0.09 | 0.00 | 98 | Emerging Markets Bonds | AHLPX vs AGEPX | |
| American Beacon SiM High Yld Opps Fund | 0.23 | 0.00 | -0.06 | 96 | High Yield Bonds | AHLPX vs SHYPX |
See all 27 diversifiers for AHLPX
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