Looking to diversify beyond APDFX? The mutual funds below have the lowest correlation with APDFX — 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 APDFX.
Best Diversifiers for APDFX
4 mutual funds have low correlation with APDFX (below 0.3), 1 of which are negatively correlated. The least correlated is Artisan Global Unconstrained Fund (APFPX) (Nontraditional Bonds) with a 1Y correlation of -0.23, roughly unchanged from -0.22 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Artisan Global Unconstrained Fund | -0.23 | -0.22 | — | 99 | Nontraditional Bonds | APDFX vs APFPX | |
| Cliffwater Corporate Lending Fund | 0.04 | 0.11 | 0.12 | 100 | High Yield Bonds | APDFX vs CCLFX | |
| Pioneer ILS Interval Fund | 0.06 | 0.09 | 0.06 | 100 | High Yield Bonds | APDFX vs XILSX | |
| RiverPark Short Term High Yield Fund | 0.20 | 0.17 | 0.26 | 100 | High Yield Bonds | APDFX vs RPHIX | |
| RiverPark Strategic Income Fund | 0.33 | 0.31 | 0.37 | 68 | High Yield Bonds | APDFX vs RSIIX |
See all 39 diversifiers for APDFX
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