Looking to diversify beyond AVFIX? The mutual funds below have the lowest correlation with AVFIX — 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 AVFIX.
Best Diversifiers for AVFIX
3 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 0.25, roughly unchanged from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Beacon Frontier Markets Income Fund | 0.25 | 0.27 | 0.27 | 98 | Emerging Markets Bonds | AVFIX vs AGEPX | |
| American Beacon TwentyFour Strategic Income Fund | 0.28 | 0.26 | 0.27 | 64 | Multisector Bonds | AVFIX vs TFGPX | |
| American Beacon Developing World Income Fund Class... | 0.29 | 0.29 | 0.28 | 98 | Emerging Markets Bonds | AVFIX vs AGEYX | |
| American Beacon TwentyFour Sustainable Short Term ... | 0.33 | 0.19 | 0.17 | 64 | Short-Term Bond | AVFIX vs TFBYX | |
| American Beacon AHL Managed Futures Strategy Fund | 0.36 | 0.18 | 0.10 | 87 | Systematic Trend | AVFIX vs AHLPX |
See all 64 diversifiers for AVFIX
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