Looking to diversify beyond ANBIX? The mutual funds below have the lowest correlation with ANBIX — 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 ANBIX.
Best Diversifiers for ANBIX
3 mutual funds have low correlation with ANBIX (below 0.3), 0 of which are negatively correlated. The least correlated is AB High Income Fund (AGDAX) (High Yield Bonds) with a 1Y correlation of 0.24, down from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AB High Income Fund | 0.24 | 0.45 | 0.44 | 76 | High Yield Bonds | ANBIX vs AGDAX | |
| SEI Multi-Asset Real Return Fund Class A | 0.25 | 0.33 | 0.38 | 81 | Inflation-Protected Bonds | ANBIX vs SEIAX | |
| Allspring Real Return Fund | 0.28 | 0.49 | 0.62 | 92 | Inflation-Protected Bonds | ANBIX vs IPBAX | |
| AB Municipal Income Shares | 0.41 | 0.59 | 0.46 | 62 | High Yield Muni | ANBIX vs MISHX | |
| VALIC Company I Inflation Protected Fund | 0.64 | 0.80 | 0.82 | 50 | Inflation-Protected Bonds | ANBIX vs VCTPX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ANBIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ANBIX and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.07, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.07 | 0.01 | 0.05 | 82 | Technology |
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