Looking to diversify beyond AMIGX? The mutual funds below have the lowest correlation with AMIGX — 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 AMIGX.
Best Diversifiers for AMIGX
1 mutual funds have low correlation with AMIGX (below 0.3), 0 of which are negatively correlated. The least correlated is Calvert Short Duration Income Fund Class R6 (CDSRX) (Short-Term Bond) with a 1Y correlation of 0.24, roughly unchanged from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Calvert Short Duration Income Fund Class R6 | 0.24 | 0.14 | 0.19 | 78 | Short-Term Bond | AMIGX vs CDSRX | |
| Azzad Wise Capital Fund | 0.32 | 0.39 | 0.54 | 66 | Short-Term Bond | AMIGX vs WISEX | |
| AMG Yacktman Focused Fund | 0.43 | 0.54 | 0.66 | 86 | Large Cap Value Equities | AMIGX vs YAFFX | |
| Baron Partners Fund | 0.45 | 0.55 | 0.64 | 75 | Large Cap Growth Equities | AMIGX vs BPTRX | |
| Davis New York Venture Fund Class Y | 0.58 | 0.67 | 0.73 | 81 | Large Cap Growth Equities | AMIGX vs DNVYX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AMIGX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AMIGX and solid risk/return profiles. The least correlated is Hycroft Mining Holding Corporation (HYMC) (Basic Materials) with a 1Y correlation of 0.28, roughly unchanged from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Hycroft Mining Holding Corporation | 0.28 | 0.18 | 0.21 | 96 | Basic Materials | |
| Albemarle Corporation | 0.33 | 0.33 | 0.40 | 77 | Basic Materials | |
| Newmont Corporation | 0.36 | 0.25 | 0.23 | 78 | Basic Materials | |
| First Solar, Inc. | 0.42 | 0.35 | 0.38 | 67 | Technology | |
| Apple Inc | 0.43 | 0.50 | 0.65 | 90 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements AMIGX
Add AMIGX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with AMIGX