Looking to diversify beyond AMAYX? The mutual funds below have the lowest correlation with AMAYX — 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 AMAYX.
Best Diversifiers for AMAYX
8 mutual funds have low correlation with AMAYX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA NY Municipal Bond Portfolio (DNYMX) (Municipal Bonds) with a 1Y correlation of 0.14, down from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA NY Municipal Bond Portfolio | 0.14 | 0.33 | 0.40 | 99 | Municipal Bonds | AMAYX vs DNYMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.16 | 0.33 | 0.37 | 99 | Municipal Bonds | AMAYX vs USMSX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.17 | 0.27 | 0.39 | 100 | Municipal Bonds | AMAYX vs DFABX | |
| DFA Short Term Municipal Bond Portfolio | 0.18 | 0.27 | 0.36 | 99 | Municipal Bonds | AMAYX vs DFSMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.21 | 0.33 | 0.40 | 99 | Municipal Bonds | AMAYX vs USMTX |
See all 18 diversifiers for AMAYX
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