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
2 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 0.09, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Series Floating Rate High Income Fund | 0.09 | 0.03 | 0.09 | 93 | High Yield Bonds | ANBAX vs FFHCX | |
| American Funds Fundamental Investors Class A | 0.29 | 0.14 | 0.10 | 68 | Large Cap Blend Equities, Actively Managed | ANBAX vs ANCFX | |
| Holbrook Income Fund Class I | 0.36 | 0.31 | 0.35 | 98 | Intermediate Core-Plus Bond | ANBAX vs HOBIX | |
| American Funds American Balanced Fund Class A | 0.38 | 0.29 | 0.25 | 82 | Diversified Portfolio | ANBAX vs ABALX | |
| Leader Capital High Quality Floating Rate Fund Inv... | 0.42 | 0.18 | 0.15 | 92 | Intermediate Core-Plus Bond | ANBAX vs LCTRX |
See all 13 diversifiers for ANBAX
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