PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

AB Global Risk Allocation Fund (CABNX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

The fund invests dynamically in a number of global asset classes, including equity/credit, fixed-income, and inflation-sensitive instruments. Equity securities will comprise no more than 75% of the fund's investments. The fund may invest in fixed-income securities with a range of maturities from short- to long-term. It may invest up to 20% of its assets in high-yield securities.

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

Best Diversifiers for CABNX

0 mutual funds have low correlation with CABNX (below 0.3), 0 of which are negatively correlated. The least correlated is AB Municipal Income Shares (MISHX) (High Yield Muni) with a 1Y correlation of 0.38, roughly unchanged from 0.34 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
MISHX
AB Municipal Income Shares0.380.410.34
72
High Yield MuniCABNX vs MISHX
QEVOX
Quantified Evolution Plus Fund0.470.580.43
80
Tactical AllocationCABNX vs QEVOX
MFTFX
Arrow Managed Futures Stragegy Fund0.490.260.14
69
Systematic TrendCABNX vs MFTFX
QDSNX
AQR Diversifying Strategies Fund Class N0.540.400.23
88
Tactical AllocationCABNX vs QDSNX
HRLYX
Hartford Real Asset Fund0.540.650.74
88
Global AllocationCABNX vs HRLYX
See all 22 diversifiers for CABNX

To view more results, upgrade your current subscription plan.

Diversification Analysis

Build a portfolio that complements CABNX

Add CABNX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with CABNX