Looking to diversify beyond AGRDX? The mutual funds below have the lowest correlation with AGRDX — 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 AGRDX.
Best Diversifiers for AGRDX
2 mutual funds have low correlation with AGRDX (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Income Fund (JMSIX) (Multisector Bonds) with a 1Y correlation of 0.20, roughly unchanged from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Income Fund | 0.20 | 0.16 | 0.25 | 81 | Multisector Bonds | AGRDX vs JMSIX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.27 | 0.12 | 0.12 | 72 | Large Cap Blend Equities | AGRDX vs SVPFX | |
| JPMorgan Equity Income Fund R6 | 0.40 | 0.45 | 0.59 | 77 | Large Cap Value Equities, Dividend | AGRDX vs OIEJX | |
| Rock Oak Core Growth Fund | 0.44 | 0.54 | 0.68 | 62 | Large Cap Blend Equities | AGRDX vs RCKSX | |
| North Square Preferred and Income Securities Fund | 0.47 | 0.30 | 0.36 | 69 | Large Cap Blend Equities | AGRDX vs ORDNX |
See all 34 diversifiers for AGRDX
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