Looking to diversify beyond ALTFX? The mutual funds below have the lowest correlation with ALTFX — 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 ALTFX.
Best Diversifiers for ALTFX
14 mutual funds have low correlation with ALTFX (below 0.3), 0 of which are negatively correlated. The least correlated is AB Bond Inflation Strategy (ANBIX) (Inflation-Protected Bonds) with a 1Y correlation of 0.10, roughly unchanged from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AB Bond Inflation Strategy | 0.10 | 0.19 | 0.18 | 72 | Inflation-Protected Bonds | ALTFX vs ANBIX | |
| AB Municipal Bond Inflation Strategy | 0.11 | 0.15 | 0.19 | 94 | Municipal Bonds | ALTFX vs AUNYX | |
| AB High Income Municipal Portfolio | 0.17 | 0.16 | 0.15 | 51 | High Yield Muni | ALTFX vs ABTYX | |
| AB Impact Municipal Income Shares | 0.17 | 0.18 | 0.16 | 66 | Municipal Bonds | ALTFX vs ABIMX | |
| AB Municipal Income Fund New York Portfolio | 0.17 | 0.18 | 0.16 | 73 | Municipal Bonds | ALTFX vs ALNYX |
See all 54 diversifiers for ALTFX
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