Looking to diversify beyond AMFIX? The mutual funds below have historically moved differently from AMFIX, 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 AMFIX
1 mutual funds have low correlation with AMFIX (below 0.3), 0 of which are negatively correlated. The least correlated is AAMA Equity Fund (AMFEX) (Large Cap Blend Equities) 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 Equity Fund | 0.21 | 0.09 | 0.10 | 91 | Large Cap Blend Equities | AMFIX vs AMFEX | |
| GMO Multi-Sector Fixed Income Fund | 0.39 | 0.69 | 0.79 | 89 | Intermediate Core-Plus Bond | AMFIX vs GUGAX | |
| Holbrook Income Fund Class I | 0.42 | 0.29 | 0.37 | 98 | Intermediate Core-Plus Bond | AMFIX vs HOBIX | |
| Leader Capital High Quality Floating Rate Fund Inv... | 0.44 | 0.23 | 0.15 | 81 | Intermediate Core-Plus Bond | AMFIX vs LCTRX | |
| Leader Capital High Quality Income Fund Institutio... | 0.44 | 0.21 | 0.12 | 86 | Intermediate Core-Plus Bond | AMFIX vs LCTIX |
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