Looking to diversify beyond AMHIX? The mutual funds below have historically moved differently from AMHIX, 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 AMHIX
7 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 0.16, roughly unchanged from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Floating Rate High Income Fund | 0.16 | 0.17 | 0.22 | 95 | Bank Loan | AMHIX vs FFRHX | |
| DFA Emerging Markets Value Portfolio | 0.17 | 0.12 | 0.12 | 66 | Emerging Markets Equities | AMHIX vs DFEVX | |
| American Funds Fundamental Investors Class A | 0.20 | 0.15 | 0.13 | 65 | Large Cap Blend Equities, Actively Managed | AMHIX vs ANCFX | |
| American Funds Washington Mutual Investors Fund Cl... | 0.23 | 0.17 | 0.12 | 60 | Large Cap Blend Equities | AMHIX vs AWSHX | |
| American Funds The Income Fund of America Class A | 0.23 | 0.24 | 0.18 | 81 | Diversified Portfolio, Dividend | AMHIX vs AMECX |
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