Looking to diversify beyond ANNPX? The mutual funds below have historically moved differently from ANNPX, 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 ANNPX
1 mutual funds have low correlation with ANNPX (below 0.3), 0 of which are negatively correlated. The least correlated is Lazard Enhanced Opportunities Portfolio Open Shares (LEOOX) (Convertible Bonds) with a 1Y correlation of 0.26, roughly unchanged from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lazard Enhanced Opportunities Portfolio Open Share... | 0.26 | 0.10 | 0.18 | 75 | Convertible Bonds | ANNPX vs LEOOX | |
| Virtus Short Duration High Income Fund | 0.48 | 0.49 | 0.53 | 79 | High Yield Bonds | ANNPX vs ASHIX | |
| Virtus International Small-Cap Fund | 0.52 | 0.53 | 0.62 | 88 | Foreign Small & Mid Cap Equities | ANNPX vs ALOIX | |
| Virtus Emerging Markets Opportunities Fund | 0.57 | 0.50 | 0.55 | 80 | Emerging Markets Equities | ANNPX vs AOTIX | |
| Virtus NFJ Small-Cap Value Fund | 0.60 | 0.67 | 0.74 | 67 | Small Cap Value Equities | ANNPX vs PSVIX |
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