Looking to diversify beyond AMAEX? The mutual funds below have the lowest correlation with AMAEX — 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 AMAEX.
Best Diversifiers for AMAEX
1 mutual funds have low correlation with AMAEX (below 0.3), 0 of which are negatively correlated. The least correlated is American Century California High Yield Municipal Fund (BCHYX) (Municipal Bonds) with a 1Y correlation of 0.10, roughly unchanged from 0.13 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Century California High Yield Municipal F... | 0.10 | 0.13 | — | 72 | Municipal Bonds | AMAEX vs BCHYX | |
| Aegis Value Fund | 0.40 | 0.48 | — | 87 | Small Cap Value Equities | AMAEX vs AVALX | |
| Bridgeway Ultra Small Company Market Fund | 0.70 | 0.75 | — | 76 | Small Cap Value Equities | AMAEX vs BRSIX | |
| Invesco Small Cap Value Fund | 0.77 | 0.83 | — | 87 | Small Cap Value Equities | AMAEX vs VSCAX | |
| Invesco Small Cap Value Fund Class R6 | 0.77 | 0.83 | — | 87 | Small Cap Value Equities | AMAEX vs SMVSX |
See all 28 diversifiers for AMAEX
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