Looking to diversify beyond AMAGX? The mutual funds below have the lowest correlation with AMAGX — 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 AMAGX.
Best Diversifiers for AMAGX
4 mutual funds have low correlation with AMAGX (below 0.3), 2 of which are negatively correlated. The least correlated is Voya Corporate Leaders Trust Fund (LEXCX) (Large Cap Value Equities) with a 1Y correlation of -0.12, down from 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Voya Corporate Leaders Trust Fund | -0.12 | 0.19 | 0.39 | 68 | Large Cap Value Equities | AMAGX vs LEXCX | |
| Fidelity Select Energy Portfolio | -0.09 | 0.12 | 0.23 | 63 | Energy Equities | AMAGX vs FSENX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.03 | 0.06 | 0.12 | 91 | Inflation-Protected Bonds | AMAGX vs VTAPX | |
| Fidelity Floating Rate High Income Fund | 0.25 | 0.28 | 0.30 | 92 | Bank Loan | AMAGX vs FFRHX | |
| River Canyon Total Return Bond Fund | 0.32 | 0.16 | 0.19 | 83 | Short-Term Bond | AMAGX vs RCTIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AMAGX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AMAGX and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.30, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.30 | -0.11 | 0.06 | 63 | Utilities | |
| Altria Group, Inc. | -0.29 | -0.09 | 0.04 | 79 | Consumer Defensive | |
| Waste Management, Inc. | -0.26 | 0.07 | 0.23 | 51 | Industrials | |
| Exxon Mobil Corporation | -0.24 | -0.05 | 0.08 | 71 | Energy | |
| Chubb Limited | -0.23 | 0.00 | 0.18 | 83 | Financial Services |
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Build a portfolio that complements AMAGX
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