Looking to diversify beyond ANWPX? The mutual funds below have the lowest correlation with ANWPX — 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 ANWPX.
Best Diversifiers for ANWPX
7 mutual funds have low correlation with ANWPX (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 0.20, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American High-Income Municipal Bond Fund | 0.20 | 0.17 | 0.14 | 76 | High Yield Muni | ANWPX vs AMHIX | |
| American Funds Tax Exempt Bond Fund | 0.22 | 0.17 | 0.14 | 70 | Municipal Bonds | ANWPX vs AFTEX | |
| American Funds Tax-Exempt Preservation Portfolio | 0.22 | 0.17 | 0.13 | 69 | Municipal Bonds | ANWPX vs TEPAX | |
| American Funds Tax-Exempt Fund of California | 0.24 | 0.16 | 0.14 | 67 | Municipal Bonds | ANWPX vs TAFTX | |
| American Funds Tax-Exempt Fund of New York | 0.24 | 0.16 | 0.14 | 71 | Municipal Bonds | ANWPX vs NYAAX |
See all 135 diversifiers for ANWPX
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