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
5 mutual funds have low correlation with AMHIX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Floating Rate High Income Fund (FFRHX) (Bank Loan) with a 1Y correlation of 0.13, roughly unchanged from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Floating Rate High Income Fund | 0.13 | 0.17 | 0.22 | 93 | Bank Loan | AMHIX vs FFRHX | |
| American Funds Fundamental Investors Class A | 0.18 | 0.15 | 0.12 | 62 | Large Cap Blend Equities, Actively Managed | AMHIX vs ANCFX | |
| DFA Emerging Markets Value Portfolio | 0.18 | 0.12 | 0.12 | 74 | Emerging Markets Diversified | AMHIX vs DFEVX | |
| American Funds The Income Fund of America Class A | 0.23 | 0.24 | 0.18 | 55 | Diversified Portfolio, Dividend | AMHIX vs AMECX | |
| American Funds American Balanced Fund Class A | 0.24 | 0.24 | 0.21 | 79 | Diversified Portfolio | AMHIX vs ABALX |
See all 50 diversifiers for AMHIX
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