Looking to diversify beyond AGEPX? The mutual funds below have historically moved differently from AGEPX, 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 AGEPX
12 mutual funds have low correlation with AGEPX (below 0.3), 1 of which are negatively correlated. The least correlated is GMO Alternative Allocation Fund (GAAVX) (Multistrategy) with a 1Y correlation of -0.07, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GMO Alternative Allocation Fund | -0.07 | 0.02 | 0.08 | 92 | Multistrategy | AGEPX vs GAAVX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.00 | 0.12 | 0.12 | 91 | Inflation-Protected Bonds | AGEPX vs VTAPX | |
| Leader Short Term High Yield Bond Fund | 0.04 | 0.04 | 0.25 | 77 | Short-Term Bond | AGEPX vs LCCMX | |
| Pioneer ILS Interval Fund | 0.06 | 0.07 | 0.07 | 100 | High Yield Bonds | AGEPX vs XILSX | |
| CrossingBridge Low Duration High Yield Fund | 0.22 | 0.24 | 0.29 | 95 | Multisector Bonds | AGEPX vs CBLDX |
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