Looking to diversify beyond AFLIX? The mutual funds below have the lowest correlation with AFLIX — 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 AFLIX.
Best Diversifiers for AFLIX
9 mutual funds have low correlation with AFLIX (below 0.3), 1 of which are negatively correlated. The least correlated is Artisan Global Unconstrained Fund (APFPX) (Nontraditional Bonds) with a 1Y correlation of -0.13, up from -0.23 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Artisan Global Unconstrained Fund | -0.13 | -0.23 | — | 99 | Nontraditional Bonds | AFLIX vs APFPX | |
| T. Rowe Price Dynamic Credit Fund | 0.01 | 0.07 | 0.01 | 83 | Nontraditional Bonds | AFLIX vs RPIDX | |
| Victory Pioneer Cat Bond Fund Class Y | 0.04 | — | — | 100 | Nontraditional Bonds | AFLIX vs CBYYX | |
| Putnam Mortgage Opportunities Fund | 0.07 | 0.05 | 0.02 | 66 | Nontraditional Bonds | AFLIX vs PMOTX | |
| PGIM Securitized Credit Fund | 0.09 | 0.04 | 0.15 | 99 | Nontraditional Bonds | AFLIX vs SCFZX |
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