Looking to diversify beyond AEPGX? The mutual funds below have historically moved differently from AEPGX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for AEPGX
3 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 0.11, roughly unchanged from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Municipal Ultra Short Fund | 0.11 | 0.10 | 0.09 | 93 | Municipal Bonds | AEPGX vs FMUSX | |
| Putnam Global Health Care Fund | 0.25 | 0.41 | 0.50 | 61 | Health & Biotech Equities | AEPGX vs PGHAX | |
| Putnam Global Health Care Fund | 0.26 | 0.41 | 0.50 | 63 | Health & Biotech Equities | AEPGX vs PHSTX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.35 | 0.66 | 0.74 | 61 | Foreign Large Cap Equities | AEPGX vs GSINX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.35 | 0.66 | 0.75 | 61 | Foreign Large Cap Equities | AEPGX vs GSIMX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AEPGX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. 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.
How candidates are selected| 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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