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American Funds Strategic Bond Fund (ANBAX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 3, 2026

The investment seeks to provide maximum total return consistent with preservation of capital. The fund will invest at least 80% of its assets in bonds and other debt securities, which may be represented by derivatives. It may invest in a broad range of debt securities, including corporate bonds and debt and mortgage-backed securities issued by government-sponsored entities and federal agencies and instrumentalities that are not backed by the full faith and credit of the U.S. government.

Looking to diversify beyond ANBAX? The mutual funds below have the lowest correlation with ANBAX — 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 ANBAX.

Best Diversifiers for ANBAX

3 mutual funds have low correlation with ANBAX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Series Floating Rate High Income Fund (FFHCX) (High Yield Bonds) with a 1Y correlation of 0.10, roughly unchanged from 0.10 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
FFHCX
Fidelity Series Floating Rate High Income Fund0.100.030.10
94
High Yield BondsANBAX vs FFHCX
ANCFX
American Funds Fundamental Investors Class A0.250.130.10
77
Large Cap Blend EquitiesANBAX vs ANCFX
AIVSX
American Funds Investment Company of America Class...0.260.140.09
58
Large Cap Blend EquitiesANBAX vs AIVSX
HOBIX
Holbrook Income Fund Class I0.330.320.34
98
Intermediate Core-Plus BondANBAX vs HOBIX
AMECX
American Funds The Income Fund of America Class A0.350.280.22
52
Diversified Portfolio, DividendANBAX vs AMECX
See all 17 diversifiers for ANBAX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from ANBAX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ANBAX and solid risk/return profiles. The least correlated is Tesla, Inc. (TSLA) (Consumer Cyclical) with a 1Y correlation of 0.13, roughly unchanged from 0.03 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
TSLA
Tesla, Inc.0.130.060.03
55
Consumer Cyclical

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