Looking to diversify beyond GFFFX? The mutual funds below have the lowest correlation with GFFFX — 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 GFFFX.
Best Diversifiers for GFFFX
7 mutual funds have low correlation with GFFFX (below 0.3), 0 of which are negatively correlated. The least correlated is American High-Income Municipal Bond Fund (AMHIX) (High Yield Muni) with a 1Y correlation of 0.17, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American High-Income Municipal Bond Fund | 0.17 | 0.13 | 0.12 | 78 | High Yield Muni | GFFFX vs AMHIX | |
| American Funds Tax-Exempt Preservation Portfolio | 0.18 | 0.14 | 0.10 | 68 | Municipal Bonds | GFFFX vs TEPAX | |
| American Funds Tax Exempt Bond Fund | 0.19 | 0.14 | 0.13 | 70 | Municipal Bonds | GFFFX vs AFTEX | |
| American Funds Tax-Exempt Fund of California | 0.20 | 0.13 | 0.12 | 70 | Municipal Bonds | GFFFX vs TAFTX | |
| American Funds Tax-Exempt Fund of New York | 0.20 | 0.14 | 0.12 | 74 | Municipal Bonds | GFFFX vs NYAAX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GFFFX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GFFFX and solid risk/return profiles. The least correlated is AbbVie Inc. (ABBV) (Healthcare) with a 1Y correlation of -0.01, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AbbVie Inc. | -0.01 | 0.10 | 0.14 | 71 | Healthcare | |
| AGNC Investment Corp. | 0.17 | 0.13 | 0.25 | 84 | Real Estate | |
| Apple Inc | 0.39 | 0.47 | 0.62 | 88 | Technology |
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