Looking to diversify beyond AMDVX? The mutual funds below have the lowest correlation with AMDVX — 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 AMDVX.
Best Diversifiers for AMDVX
1 mutual funds have low correlation with AMDVX (below 0.3), 0 of which are negatively correlated. The least correlated is American Century California High Yield Municipal Fund (BCHYX) (Municipal Bonds) with a 1Y correlation of 0.14, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Century California High Yield Municipal F... | 0.14 | 0.15 | 0.09 | 61 | Municipal Bonds | AMDVX vs BCHYX | |
| Fidelity 500 Index Fund | 0.54 | 0.59 | 0.72 | 75 | S&P 500 | AMDVX vs FXAIX | |
| Meeder Quantex Fund | 0.54 | 0.66 | 0.80 | 54 | Mid Cap Value Equities | AMDVX vs FLCGX | |
| Invesco Value Opportunities Fund Class Y | 0.67 | 0.71 | 0.80 | 81 | Mid Cap Value Equities | AMDVX vs VVOIX | |
| Invesco Value Opportunities Fund | 0.67 | 0.72 | 0.81 | 80 | Mid Cap Value Equities | AMDVX vs VVOAX |
See all 42 diversifiers for AMDVX
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