Looking to diversify beyond AMRMX? The mutual funds below have the lowest correlation with AMRMX — 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 AMRMX.
Best Diversifiers for AMRMX
8 mutual funds have low correlation with AMRMX (below 0.3), 1 of which are negatively correlated. The least correlated is BlackRock Tactical Opportunities Fund Institutional Class (PBAIX) (Tactical Allocation) with a 1Y correlation of -0.02, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund Institutiona... | -0.02 | 0.21 | 0.16 | 66 | Tactical Allocation | AMRMX vs PBAIX | |
| Federated Hermes MDT All Cap Core Fund | 0.15 | 0.51 | 0.69 | 56 | Large Cap Blend Equities | AMRMX vs QIACX | |
| Federated Hermes MDT All Cap Core Fund Class R6 | 0.16 | 0.52 | 0.70 | 56 | Large Cap Blend Equities | AMRMX vs QKACX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.21 | 0.11 | 0.10 | 92 | Long-Short | AMRMX vs BDMIX | |
| American Funds Tax-Exempt Fund of California | 0.21 | 0.17 | 0.12 | 67 | Municipal Bonds | AMRMX vs TAFTX |
See all 72 diversifiers for AMRMX
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