Looking to diversify beyond AMFEX? The mutual funds below have historically moved differently from AMFEX, 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 AMFEX
1 mutual funds have low correlation with AMFEX (below 0.3), 0 of which are negatively correlated. The least correlated is AAMA Income Fund (AMFIX) (Intermediate Core-Plus Bond) with a 1Y correlation of 0.21, up from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AAMA Income Fund | 0.22 | 0.10 | 0.10 | 81 | Intermediate Core-Plus Bond | AMFEX vs AMFIX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.31 | 0.13 | 0.12 | 97 | Large Cap Blend Equities | AMFEX vs SVPFX | |
| Federated Hermes MDT All Cap Core Fund Class R6 | 0.32 | 0.56 | 0.76 | 50 | Large Cap Blend Equities | AMFEX vs QKACX | |
| Federated Hermes MDT All Cap Core Fund | 0.32 | 0.56 | 0.76 | 53 | Large Cap Blend Equities | AMFEX vs QIACX | |
| North Square Preferred and Income Securities Fund | 0.46 | 0.33 | 0.40 | 59 | Preferred Stock | AMFEX vs ORDNX |
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