Looking to diversify beyond AMBFX? The mutual funds below have the lowest correlation with AMBFX — 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 AMBFX.
Best Diversifiers for AMBFX
2 mutual funds have low correlation with AMBFX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.16, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.16 | 0.03 | 0.17 | 76 | Diversified Portfolio | AMBFX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.05 | 0.19 | 0.49 | 63 | Diversified Portfolio | AMBFX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.35 | 0.54 | 0.63 | 96 | Diversified Portfolio | AMBFX vs FIQDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.35 | 0.55 | 0.63 | 96 | Diversified Portfolio | AMBFX vs FSIRX | |
| Fidelity Strategic Real Return Fund Class K6 | 0.35 | 0.55 | 0.63 | 97 | Diversified Portfolio | AMBFX vs FSRKX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AMBFX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AMBFX and solid risk/return profiles. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.40, down from 0.59 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | 0.40 | 0.46 | 0.59 | 90 | Technology |
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