Looking to diversify beyond AMCFX? The mutual funds below have the lowest correlation with AMCFX — 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 AMCFX.
Best Diversifiers for AMCFX
0 mutual funds have low correlation with AMCFX (below 0.3), 0 of which are negatively correlated. The least correlated is American Funds The Income Fund of America Class A (AMECX) (Diversified Portfolio) with a 1Y correlation of 0.54, down from 0.72 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Funds The Income Fund of America Class A | 0.54 | 0.67 | 0.72 | 57 | Diversified Portfolio, Dividend | AMCFX vs AMECX | |
| Baron Partners Fund | 0.55 | 0.65 | 0.72 | 75 | Large Cap Growth Equities | AMCFX vs BPTRX | |
| ICON Equity Fund | 0.65 | 0.70 | 0.78 | 76 | Large Cap Growth Equities | AMCFX vs IOLZX | |
| One Rock Fund | 0.69 | 0.80 | 0.85 | 89 | Large Cap Growth Equities | AMCFX vs ONERX | |
| Davis New York Venture Fund Class Y | 0.71 | 0.78 | 0.82 | 81 | Large Cap Growth Equities | AMCFX vs DNVYX |
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