Looking to diversify beyond AMAEX? The mutual funds below have historically moved differently from AMAEX, 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 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 0.14, roughly unchanged from 0.13 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Century California High Yield Municipal F... | 0.14 | 0.13 | — | 87 | Municipal Bonds | AMAEX vs BCHYX | |
| Aegis Value Fund Class I | 0.38 | 0.46 | — | 94 | Small Cap Value Equities | AMAEX vs AVALX | |
| Bridgeway Ultra Small Company Market Fund | 0.65 | 0.74 | — | 75 | Small Cap Value Equities | AMAEX vs BRSIX | |
| Invesco Small Cap Value Fund Class R6 | 0.70 | 0.80 | — | 76 | Small Cap Value Equities | AMAEX vs SMVSX | |
| Invesco Small Cap Value Fund | 0.70 | 0.80 | — | 76 | Small Cap Value Equities | AMAEX vs VSCAX |
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