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American Funds Moderate Growth and Income Portfolio (CBAAX) Diversifiers

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

The investment seeks to provide current income and long-term growth of capital and income. The fund invests in a mix of American Funds in different combinations and weightings. The underlying American Funds may include growth, growth-and-income, equity-income, balanced and fixed income funds. Normally through its investments in the underlying funds, the fund will maintain at least 45% of the value of its net assets in common stocks and other equity investments and at least 25% of the value of its net assets in bonds and other debt securities (including money market instruments). The fund will have exposure to growth-oriented common stocks.

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

Best Diversifiers for CBAAX

1 mutual funds have low correlation with CBAAX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.08, down from 0.49 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
MHELX
MH Elite Small Cap Fund of Funds Fund0.080.180.49
67
Diversified PortfolioCBAAX vs MHELX
FSRRX
Fidelity Strategic Real Return Fund0.420.600.66
87
Diversified PortfolioCBAAX vs FSRRX
FCSRX
Fidelity Advisor Strategic Real Return Fund Class ...0.420.590.65
82
Diversified PortfolioCBAAX vs FCSRX
FIQDX
Fidelity Advisor Strategic Real Return Fund Class ...0.420.590.65
88
Diversified PortfolioCBAAX vs FIQDX
FSIRX
Fidelity Advisor Strategic Real Return Fund Class ...0.430.600.66
86
Diversified PortfolioCBAAX vs FSIRX
See all 28 diversifiers for CBAAX

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