Looking to diversify beyond AHLPX? The mutual funds below have historically moved differently from AHLPX, 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 AHLPX
6 mutual funds have low correlation with AHLPX (below 0.3), 1 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 -0.01, up from -0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Beacon TwentyFour Sustainable Short Term ... | -0.01 | -0.05 | -0.13 | 59 | Short-Term Bond | AHLPX vs TFBYX | |
| American Beacon TwentyFour Strategic Income Fund | 0.05 | -0.09 | -0.11 | 52 | Multisector Bonds | AHLPX vs TFGPX | |
| American Beacon SiM High Yield Opportunities Fund ... | 0.21 | -0.01 | -0.06 | 95 | High Yield Bonds | AHLPX vs SHOYX | |
| American Beacon Developing World Income Fund Class... | 0.21 | 0.10 | 0.01 | 99 | Emerging Markets Bonds | AHLPX vs AGEYX | |
| American Beacon SiM High Yld Opps Fund | 0.23 | 0.01 | -0.06 | 95 | High Yield Bonds | AHLPX vs SHYPX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements AHLPX
Add AHLPX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with AHLPX