Looking to diversify beyond APDKX? The mutual funds below have historically moved differently from APDKX, 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 APDKX
1 mutual funds have low correlation with APDKX (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 -0.17, roughly unchanged from -0.19 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Artisan Global Unconstrained Fund | -0.17 | -0.19 | — | 99 | Nontraditional Bonds | APDKX vs APFPX | |
| Kopernik International Fund | 0.49 | 0.45 | 0.57 | 56 | Foreign Large Cap Equities | APDKX vs KGIIX | |
| Federated Hermes International Strategic Value Div... | 0.54 | 0.62 | 0.71 | 79 | Foreign Large Cap Equities | APDKX vs IVFIX | |
| Artisan International Explorer Fund | 0.55 | 0.66 | — | 64 | Foreign Small & Mid Cap Equities | APDKX vs ARHBX | |
| Lazard Emerging Markets Equity Portfolio | 0.55 | 0.62 | 0.68 | 96 | Emerging Markets Equities | APDKX vs LZEMX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for APDKX, 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 0.15, down from 0.50 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.15 | 0.38 | 0.50 | 66 | Financial Services |
Build a portfolio that complements APDKX
Add APDKX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with APDKX