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American Funds The Income Fund of America® Class F-2 (AMEFX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 4, 2026

The fund aims to provide current income with a secondary goal of capital growth by investing in a diversified mix of dividend-paying stocks and fixed income, including high-yield debt and equities both inside and outside the U.S. This strategy focuses on low volatility and downside resilience through a flexible allocation across stocks, bonds, and convertible securities.

Looking to diversify beyond AMEFX? The mutual funds below have the lowest correlation with AMEFX — 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 AMEFX.

Best Diversifiers for AMEFX

2 mutual funds have low correlation with AMEFX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.03, down from 0.47 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
MHELX
MH Elite Small Cap Fund of Funds Fund0.030.190.47
64
Diversified PortfolioAMEFX vs MHELX
SIFAX
SEI Institutional Managed Trust Multi-Asset Inflat...0.180.260.35
73
Diversified PortfolioAMEFX vs SIFAX
STDAX
SEI Asset Allocation Trust Defensive Strategy Allo...0.390.400.43
99
Diversified PortfolioAMEFX vs STDAX
GRSPX
Greenspring Fund0.560.680.77
58
Diversified PortfolioAMEFX vs GRSPX
BERIX
Chartwell Income Fund0.570.610.66
88
Diversified PortfolioAMEFX vs BERIX
See all 37 diversifiers for AMEFX

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