Looking to diversify beyond AMINX? The mutual funds below have historically moved differently from AMINX, 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 AMINX
1 mutual funds have low correlation with AMINX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Strategic Value Dividend Fund Class A (SVAAX) (Dividend) with a 1Y correlation of 0.21, down from 0.54 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Strategic Value Dividend Fund Cla... | 0.21 | 0.38 | 0.54 | 93 | Dividend | AMINX vs SVAAX | |
| Pioneer Multi-Asset Income Fund A | 0.41 | 0.44 | 0.46 | 92 | Diversified Portfolio, Dividend | AMINX vs PMAIX | |
| Allspring Emerging Markets Equity Income Fund | 0.49 | 0.47 | 0.50 | 63 | Dividend, Emerging Markets Equities | AMINX vs EQIIX | |
| EuroPac International Dividend Income Fund Class A | 0.52 | 0.40 | 0.46 | 86 | Foreign Large Cap Equities, Dividend | AMINX vs EPDPX | |
| American Century Equity Income Fund Class I | 0.52 | 0.60 | 0.72 | 84 | Dividend, Large Cap Value Equities | AMINX vs ACIIX |
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