Looking to diversify beyond AMHIX? The mutual funds below have the lowest correlation with AMHIX — 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 AMHIX.
Best Diversifiers for AMHIX
4 mutual funds have low correlation with AMHIX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Emerging Markets Value Portfolio (DFEVX) (Emerging Markets Diversified) with a 1Y correlation of 0.15, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Emerging Markets Value Portfolio | 0.15 | 0.12 | 0.12 | 88 | Emerging Markets Diversified | AMHIX vs DFEVX | |
| Fidelity Floating Rate High Income Fund | 0.16 | 0.18 | 0.23 | 92 | Bank Loan | AMHIX vs FFRHX | |
| American Funds Fundamental Investors Class A | 0.17 | 0.14 | 0.12 | 70 | Large Cap Blend Equities, Actively Managed | AMHIX vs ANCFX | |
| American Funds American Balanced Fund Class A | 0.23 | 0.23 | 0.20 | 83 | Diversified Portfolio | AMHIX vs ABALX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 0.66 | 0.70 | 0.71 | 65 | High Yield Muni | AMHIX vs NVHIX |
See all 47 diversifiers for AMHIX
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