Looking to diversify beyond AMUSX? The mutual funds below have historically moved differently from AMUSX, 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 AMUSX
2 mutual funds have low correlation with AMUSX (below 0.3), 0 of which are negatively correlated. The least correlated is American Funds New World Fund (NEWFX) (Emerging Markets Equities) with a 1Y correlation of 0.21, roughly unchanged from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Funds New World Fund | 0.21 | 0.15 | 0.13 | 53 | Emerging Markets Equities | AMUSX vs NEWFX | |
| American Funds Fundamental Investors Class A | 0.27 | 0.16 | 0.13 | 65 | Large Cap Blend Equities, Actively Managed | AMUSX vs ANCFX | |
| American Funds EUPAC Fund Class R-6 | 0.31 | 0.20 | 0.18 | 51 | Foreign Large Cap Equities, Large Cap Growth Equities, Actively Managed | AMUSX vs RERGX | |
| DFA Short-Term Government Portfolio | 0.31 | 0.10 | 0.36 | 99 | Government Bonds | AMUSX vs DFFGX | |
| American Funds American Mutual Fund Class A | 0.31 | 0.22 | 0.16 | 63 | Large Cap Blend Equities | AMUSX vs AMRMX |
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