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American Funds The Bond Fund of America Class F-3 (BFFAX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 25, 2026

The American Funds Bond Fund of America (BFFAX) is a well-diversified bond portfolio that invests in various sectors within the bond market to generate active returns. The fund aims to provide a high current income level while preserving capital. It primarily invests in debt securities, including bonds and other instruments such as derivatives, and aims to have at least 80% of its assets in these types of investments. Of these assets, a minimum of 60% are invested in debt securities rated A3 or higher or A- or higher by Nationally Recognized Statistical Ratings Organizations or in unrated securities that are deemed to be of equivalent quality by the fund's investment adviser. These securities may include U.S. government bonds, money market instruments, and cash.

Looking to diversify beyond BFFAX? The mutual funds below have the lowest correlation with BFFAX — 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 BFFAX.

Best Diversifiers for BFFAX

1 mutual funds have low correlation with BFFAX (below 0.3), 0 of which are negatively correlated. The least correlated is American Funds Fundamental Investors Class A (ANCFX) (Large Cap Blend Equities) with a 1Y correlation of 0.29, up from 0.15 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
ANCFX
American Funds Fundamental Investors Class A0.290.190.15
56
Large Cap Blend Equities, Actively ManagedBFFAX vs ANCFX
ABALX
American Funds American Balanced Fund Class A0.380.340.30
74
Diversified PortfolioBFFAX vs ABALX
PCMNX
PACE Municipal Fixed Income Investments0.490.580.53
71
Municipal BondsBFFAX vs PCMNX
STWTX
Hartford Schroders Tax-Aware Bond Fund0.670.720.70
54
Intermediate Core BondBFFAX vs STWTX
LSSAX
Loomis Sayles Securitized Asset Fund0.760.870.90
57
Intermediate Core BondBFFAX vs LSSAX
See all 6 diversifiers for BFFAX

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