Looking to diversify beyond AVFIX? The mutual funds below have historically moved differently from AVFIX, 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 AVFIX
2 mutual funds have low correlation with AVFIX (below 0.3), 0 of which are negatively correlated. The least correlated is American Beacon Frontier Markets Income Fund (AGEPX) (Emerging Markets Bonds) with a 1Y correlation of 0.29, roughly unchanged from 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Beacon Frontier Markets Income Fund | 0.29 | 0.28 | 0.27 | 99 | Emerging Markets Bonds | AVFIX vs AGEPX | |
| American Beacon Developing World Income Fund Class... | 0.29 | 0.30 | 0.28 | 99 | Emerging Markets Bonds | AVFIX vs AGEYX | |
| American Beacon TwentyFour Strategic Income Fund | 0.33 | 0.27 | 0.28 | 59 | Multisector Bonds | AVFIX vs TFGPX | |
| Federated Hermes Clover Small Value Fund | 0.34 | 0.62 | 0.78 | 71 | Small Cap Value Equities | AVFIX vs VSFAX | |
| American Beacon TwentyFour Sustainable Short Term ... | 0.34 | 0.20 | 0.19 | 63 | Short-Term Bond | AVFIX vs TFBYX |
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