Looking to diversify beyond APBDX? The mutual funds below have historically moved differently from APBDX, 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 APBDX
5 mutual funds have low correlation with APBDX (below 0.3), 2 of which are negatively correlated. The least correlated is Cavanal Hill World Energy Fund (APWEX) (Energy Equities) with a 1Y correlation of -0.20, down from -0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cavanal Hill World Energy Fund | -0.20 | -0.05 | -0.08 | 67 | Energy Equities | APBDX vs APWEX | |
| Cavanal Hill World Energy Fund Institutional Class | -0.20 | -0.05 | -0.08 | 60 | Energy Equities | APBDX vs AIWEX | |
| T. Rowe Price Dividend Growth Fund, Inc. | 0.26 | 0.20 | 0.13 | 75 | Large Cap Blend Equities, Dividend | APBDX vs PRDGX | |
| T. Rowe Price U.S. Equity Research Fund I Class | 0.28 | 0.15 | 0.11 | 52 | Large Cap Blend Equities | APBDX vs PCCOX | |
| T. Rowe Price U.S. Equity Research Fund | 0.29 | 0.16 | 0.11 | 51 | Large Cap Blend Equities | APBDX vs PRCOX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements APBDX
Add APBDX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with APBDX