Looking to diversify beyond AEPGX? The mutual funds below have the lowest correlation with AEPGX — 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 AEPGX.
Best Diversifiers for AEPGX
1 mutual funds have low correlation with AEPGX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Municipal Ultra Short Fund (FMUSX) (Municipal Bonds) with a 1Y correlation of 0.13, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Municipal Ultra Short Fund | 0.13 | 0.09 | 0.08 | 95 | Municipal Bonds | AEPGX vs FMUSX | |
| Federated Hermes High Income Bond Fund | 0.39 | 0.42 | 0.52 | 51 | High Yield Bonds | AEPGX vs FHIIX | |
| Calamos Market Neutral Income Fund Institutional C... | 0.40 | 0.46 | 0.63 | 98 | AEPGX vs CMNIX | ||
| Federated Hermes International Strategic Value Div... | 0.41 | 0.50 | 0.61 | 61 | Foreign Large Cap Equities | AEPGX vs IVFIX | |
| PIMCO RAE PLUS International Fund | 0.58 | 0.60 | 0.62 | 82 | Foreign Large Cap Equities | AEPGX vs PTSIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AEPGX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AEPGX and solid risk/return profiles. The least correlated is Raymond James Financial, Inc. (RJF) (Financial Services) with a 1Y correlation of 0.30, down from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Raymond James Financial, Inc. | 0.30 | 0.39 | 0.49 | 51 | Financial Services |
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