Looking to diversify beyond AMINX? The mutual funds below have the lowest correlation with AMINX — 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 AMINX.
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 0.29, down from 0.55 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Strategic Value Dividend Fund Cla... | 0.29 | 0.40 | 0.55 | 77 | Dividend | AMINX vs SVAAX | |
| Pioneer Multi-Asset Income Fund A | 0.44 | 0.44 | 0.47 | 78 | Diversified Portfolio, Dividend | AMINX vs PMAIX | |
| EuroPac International Dividend Income Fund Class A | 0.51 | 0.40 | 0.47 | 74 | Foreign Large Cap Equities, Dividend | AMINX vs EPDPX | |
| Vanguard International High Dividend Yield Index F... | 0.67 | 0.62 | 0.65 | 82 | Large Cap Value Equities, Dividend, Foreign Large Cap Equities | AMINX vs VIHAX | |
| Goldman Sachs International Equity Income Fund Cla... | 0.67 | 0.63 | 0.67 | 54 | Foreign Large Cap Equities, Dividend | AMINX vs GSAKX |
See all 20 diversifiers for AMINX
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