Looking to diversify beyond AMAPX? The mutual funds below have the lowest correlation with AMAPX — 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 AMAPX.
Best Diversifiers for AMAPX
4 mutual funds have low correlation with AMAPX (below 0.3), 0 of which are negatively correlated. The least correlated is Amana Mutual Funds Trust Developing World Fund (AMDWX) (Emerging Markets Diversified) with a 1Y correlation of 0.25, roughly unchanged from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Amana Mutual Funds Trust Developing World Fund | 0.25 | 0.20 | 0.19 | 91 | Emerging Markets Diversified | AMAPX vs AMDWX | |
| Fidelity Flex 500 Index Fund | 0.26 | 0.17 | 0.13 | 70 | Large Cap Blend Equities | AMAPX vs FDFIX | |
| Amana Mutual Funds Trust Growth Fund | 0.28 | 0.18 | 0.14 | 69 | Large Cap Growth Equities | AMAPX vs AMAGX | |
| Amana Growth Fund | 0.28 | 0.18 | 0.14 | 70 | Large Cap Growth Equities | AMAPX vs AMIGX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 0.35 | 0.22 | 0.21 | 97 | Emerging Markets Bonds | AMAPX vs EELDX |
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