Looking to diversify beyond AKRIX? The mutual funds below have historically moved differently from AKRIX, 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 AKRIX
28 mutual funds have low correlation with AKRIX (below 0.3), 0 of which are negatively correlated. The least correlated is PIMCO Low Duration Fund (PTLDX) (Short-Term Bond) with a 1Y correlation of 0.04, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Low Duration Fund | 0.04 | 0.17 | 0.17 | 71 | Short-Term Bond | AKRIX vs PTLDX | |
| T. Rowe Price Institutional Floating Rate Fund | 0.07 | 0.21 | 0.25 | 79 | Bank Loan | AKRIX vs RPIFX | |
| Chase Growth Fund Institutional Class | 0.07 | 0.54 | 0.68 | 80 | Large Cap Growth Equities | AKRIX vs CHAIX | |
| Chase Growth Fund | 0.08 | 0.54 | 0.68 | 82 | Large Cap Growth Equities | AKRIX vs CHASX | |
| Fidelity OTC K6 Portfolio | 0.08 | 0.44 | 0.65 | 66 | Large Cap Growth Equities | AKRIX vs FOKFX |
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