Looking to diversify beyond AMAAX? The mutual funds below have the lowest correlation with AMAAX — 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 AMAAX.
Best Diversifiers for AMAAX
9 mutual funds have low correlation with AMAAX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Short Term Municipal Bond Portfolio (DFSMX) (Municipal Bonds) with a 1Y correlation of 0.14, down from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.14 | 0.24 | 0.35 | 99 | Municipal Bonds | AMAAX vs DFSMX | |
| DFA NY Municipal Bond Portfolio | 0.16 | 0.31 | 0.40 | 99 | Municipal Bonds | AMAAX vs DNYMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.18 | 0.30 | 0.37 | 99 | Municipal Bonds | AMAAX vs USMSX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.22 | 0.30 | — | 100 | Municipal Bonds | AMAAX vs DFABX | |
| DFA California Short Term Municipal Bond Portfolio | 0.24 | 0.32 | 0.41 | 99 | Municipal Bonds | AMAAX vs DFCMX |
See all 19 diversifiers for AMAAX
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