Looking to diversify beyond APDIX? The mutual funds below have historically moved differently from APDIX, 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 APDIX
1 mutual funds have low correlation with APDIX (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 -0.02, up from -0.12 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Artisan Global Unconstrained Fund | -0.02 | -0.12 | — | 99 | Nontraditional Bonds | APDIX vs APFPX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.42 | 0.67 | 0.74 | 56 | Foreign Large Cap Equities, Emerging Markets Equities | APDIX vs GSIYX | |
| Artisan High Income Fund | 0.42 | 0.43 | 0.49 | 58 | High Yield Bonds | APDIX vs ARTFX | |
| Federated Hermes International Strategic Value Div... | 0.44 | 0.57 | 0.67 | 88 | Foreign Large Cap Equities | APDIX vs IVFIX | |
| Fuller & Thaler Behavioral Small-Mid Core Equity F... | 0.45 | 0.52 | 0.63 | 82 | Mid Cap Blend Equities | APDIX vs FTSIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for APDIX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.03, down from 0.42 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.03 | 0.27 | 0.42 | 61 | Financial Services |
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