Looking to diversify beyond AFGPX? The mutual funds below have historically moved differently from AFGPX, 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 AFGPX
1 mutual funds have low correlation with AFGPX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes International Strategic Value Dividend Fund (IVFIX) (Foreign Large Cap Equities) with a 1Y correlation of 0.27, down from 0.55 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes International Strategic Value Div... | 0.27 | 0.42 | 0.55 | 88 | Foreign Large Cap Equities | AFGPX vs IVFIX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.32 | 0.64 | 0.72 | 61 | Foreign Large Cap Equities | AFGPX vs GSINX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.33 | 0.64 | 0.72 | 61 | Foreign Large Cap Equities | AFGPX vs GSIMX | |
| GQG Partners International Quality Dividend Income... | 0.36 | 0.58 | 0.63 | 71 | Quality Factor, Foreign Large Cap Equities | AFGPX vs GQJPX | |
| PIMCO RAE PLUS International Fund | 0.41 | 0.47 | 0.53 | 95 | Foreign Large Cap Equities | AFGPX vs PTSIX |
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