Looking to diversify beyond AYBLX? The mutual funds below have historically moved differently from AYBLX, 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 AYBLX
8 mutual funds have low correlation with AYBLX (below 0.3), 2 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.21, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.21 | -0.02 | 0.12 | 83 | Diversified Portfolio | AYBLX vs SIFAX | |
| Pioneer ILS Interval Fund | -0.01 | -0.03 | -0.02 | 100 | High Yield Bonds | AYBLX vs XILSX | |
| MH Elite Small Cap Fund of Funds Fund | 0.03 | 0.15 | 0.48 | 66 | Diversified Portfolio | AYBLX vs MHELX | |
| Pioneer Multi-Asset Ultrashort Income Fund | 0.14 | 0.12 | 0.13 | 99 | Ultrashort Bond | AYBLX vs MYFRX | |
| Hennessy Total Return Fund | 0.19 | 0.43 | 0.56 | 69 | Diversified Portfolio | AYBLX vs HDOGX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements AYBLX
Add AYBLX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with AYBLX