Looking to diversify beyond APDGX? The mutual funds below have historically moved differently from APDGX, 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 APDGX
2 mutual funds have low correlation with APDGX (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 -0.17 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Artisan Global Unconstrained Fund | -0.23 | -0.17 | — | 99 | Nontraditional Bonds | APDGX vs APFPX | |
| GQG Partners Global Quality Dividend Income Fund | 0.26 | 0.57 | 0.67 | 68 | Quality Factor, Global Equities | APDGX vs GQFPX | |
| Catalyst/Millburn Hedge Strategy Fund Class I | 0.32 | 0.27 | 0.32 | 92 | Multistrategy, Systematic Trend, Global Equities | APDGX vs MBXIX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.35 | 0.49 | 0.59 | 74 | Infrastructure Equities, Global Equities | APDGX vs CSUAX | |
| Artisan Emerging Markets Debt Opportunities Fund | 0.47 | 0.42 | — | 98 | Emerging Markets Bonds | APDGX vs APFOX |
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