Looking to diversify beyond APDFX? The mutual funds below have historically moved differently from APDFX, 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 APDFX
5 mutual funds have low correlation with APDFX (below 0.3), 2 of which are negatively correlated. The least correlated is Artisan Global Unconstrained Fund (APFPX) (Nontraditional Bonds) with a 1Y correlation of -0.25, roughly unchanged from -0.21 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Artisan Global Unconstrained Fund | -0.25 | -0.21 | — | 99 | Nontraditional Bonds | APDFX vs APFPX | |
| Fairholme Focused Income Fund | -0.07 | 0.18 | 0.30 | 70 | High Yield Bonds | APDFX vs FOCIX | |
| Pioneer ILS Interval Fund | 0.07 | 0.08 | 0.06 | 100 | High Yield Bonds | APDFX vs XILSX | |
| Cliffwater Corporate Lending Fund Class I Shares | 0.09 | 0.10 | 0.13 | 100 | Bank Loan, High Yield Bonds | APDFX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.17 | 0.19 | 0.25 | 99 | High Yield Bonds | APDFX vs RPHIX |
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