Looking to diversify beyond APBDX? The mutual funds below have the lowest correlation with APBDX — 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 APBDX.
Best Diversifiers for APBDX
4 mutual funds have low correlation with APBDX (below 0.3), 1 of which are negatively correlated. The least correlated is Cavanal Hill World Energy Fund (APWEX) (Energy Equities) with a 1Y correlation of -0.16, roughly unchanged from -0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cavanal Hill World Energy Fund | -0.16 | -0.02 | -0.08 | 52 | Energy Equities | APBDX vs APWEX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | 0.28 | 0.14 | 0.15 | 99 | Municipal Bonds | APBDX vs APUSX | |
| T. Rowe Price U.S. Equity Research Fund I Class | 0.29 | 0.15 | 0.10 | 65 | Large Cap Blend Equities | APBDX vs PCCOX | |
| T. Rowe Price U.S. Equity Research Fund | 0.29 | 0.15 | 0.10 | 64 | Large Cap Blend Equities | APBDX vs PRCOX | |
| T. Rowe Price Dividend Growth Fund, Inc. | 0.30 | 0.19 | 0.13 | 52 | Large Cap Blend Equities, Dividend | APBDX vs PRDGX |
See all 10 diversifiers for APBDX
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