Looking to diversify beyond AMFAX? The mutual funds below have historically moved differently from AMFAX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for AMFAX
1 mutual funds have low correlation with AMFAX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Enhanced Equity Dividend Trust (BDJ) (Derivative Income) with a 1Y correlation of 0.28, up from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Enhanced Equity Dividend Trust | 0.28 | 0.18 | 0.10 | 64 | Derivative Income | AMFAX vs BDJ | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.34 | 0.18 | 0.14 | 97 | Equity Market Neutral | AMFAX vs BDMIX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.41 | 0.29 | 0.11 | 72 | Diversified Portfolio, Municipal Bonds | AMFAX vs VTMFX | |
| Vanguard Tax-Managed Capital Appreciation Fund Adm... | 0.43 | 0.33 | 0.15 | 62 | Large Cap Blend Equities | AMFAX vs VTCLX | |
| Vanguard Total Stock Market Index Fund Investor Sh... | 0.43 | 0.33 | 0.15 | 63 | Large Cap Blend Equities | AMFAX vs VTSMX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AMFAX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Sprott Physical Gold Trust (PHYS) (Financial Services) with a 1Y correlation of 0.35, up from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Sprott Physical Gold Trust | 0.35 | 0.27 | 0.04 | 64 | Financial Services |
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