Looking to diversify beyond ANCFX? The mutual funds below have the lowest correlation with ANCFX — 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 ANCFX.
Best Diversifiers for ANCFX
10 mutual funds have low correlation with ANCFX (below 0.3), 0 of which are negatively correlated. The least correlated is American High-Income Municipal Bond Fund (AMHIX) (High Yield Muni) with a 1Y correlation of 0.13, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American High-Income Municipal Bond Fund | 0.13 | 0.13 | 0.11 | 76 | High Yield Muni | ANCFX vs AMHIX | |
| American Funds Limited Term Tax-Exempt Bond Fund | 0.17 | 0.13 | 0.11 | 67 | Municipal Bonds | ANCFX vs LTEBX | |
| American Funds Tax Exempt Bond Fund | 0.18 | 0.15 | 0.12 | 70 | Municipal Bonds | ANCFX vs AFTEX | |
| American Funds Tax-Exempt Preservation Portfolio | 0.18 | 0.15 | 0.11 | 69 | Municipal Bonds | ANCFX vs TEPAX | |
| American Funds Tax-Exempt Fund of California | 0.19 | 0.14 | 0.11 | 67 | Municipal Bonds | ANCFX vs TAFTX |
See all 147 diversifiers for ANCFX
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