Looking to diversify beyond ANBAX? The mutual funds below have historically moved differently from ANBAX, 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 ANBAX
1 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 0.06, roughly unchanged from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Series Floating Rate High Income Fund | 0.06 | 0.01 | 0.09 | 96 | High Yield Bonds | ANBAX vs FFHCX | |
| American Funds Fundamental Investors Class A | 0.30 | 0.14 | 0.11 | 65 | Large Cap Blend Equities, Actively Managed | ANBAX vs ANCFX | |
| American Funds Washington Mutual Investors Fund Cl... | 0.35 | 0.16 | 0.10 | 60 | Large Cap Blend Equities | ANBAX vs AWSHX | |
| American Funds EUPAC Fund Class R-6 | 0.36 | 0.22 | 0.18 | 51 | Foreign Large Cap Equities, Large Cap Growth Equities, Actively Managed | ANBAX vs RERGX | |
| Holbrook Income Fund Class I | 0.36 | 0.29 | 0.35 | 99 | Intermediate Core-Plus Bond | ANBAX vs HOBIX |
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