Looking to diversify beyond AKREX? The mutual funds below have the lowest correlation with AKREX — 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 AKREX.
Best Diversifiers for AKREX
42 mutual funds have low correlation with AKREX (below 0.3), 0 of which are negatively correlated. The least correlated is DoubleLine Low Duration Bond Fund (DBLSX) (Short-Term Bond) with a 1Y correlation of 0.01, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DoubleLine Low Duration Bond Fund | 0.01 | 0.18 | 0.16 | 98 | Short-Term Bond | AKREX vs DBLSX | |
| Vanguard Short-Term Investment-Grade Fund Investor... | 0.02 | 0.22 | 0.22 | 72 | Total Bond Market | AKREX vs VFSTX | |
| Nuveen Nasdaq 100 Dynamic Overwrite Fund | 0.05 | 0.45 | 0.60 | 66 | Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed | AKREX vs QQQX | |
| Chase Growth Fund Institutional Class | 0.07 | 0.54 | 0.69 | 88 | Large Cap Growth Equities | AKREX vs CHAIX | |
| Chase Growth Fund | 0.07 | 0.54 | 0.69 | 88 | Large Cap Growth Equities | AKREX vs CHASX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AKREX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AKREX and solid risk/return profiles. The least correlated is NextEra Energy, Inc. (NEE) (Utilities) with a 1Y correlation of -0.08, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NextEra Energy, Inc. | -0.08 | 0.22 | 0.37 | 73 | Utilities | |
| Prologis, Inc. | 0.11 | 0.45 | 0.55 | 90 | Real Estate | |
| Cadence Design Systems, Inc. | 0.15 | 0.43 | 0.58 | 57 | Technology | |
| MSCI Inc. | 0.17 | 0.47 | 0.66 | 59 | Financial Services | |
| Thermo Fisher Scientific Inc. | 0.18 | 0.39 | 0.52 | 70 | Healthcare |
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