Looking to diversify beyond APDSX? The mutual funds below have the lowest correlation with APDSX — 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 APDSX.
Best Diversifiers for APDSX
1 mutual funds have low correlation with APDSX (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 -0.25, roughly unchanged from -0.18 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Artisan Global Unconstrained Fund | -0.25 | -0.18 | — | 99 | Nontraditional Bonds | APDSX vs APFPX | |
| Artisan Emerging Markets Debt Opportunities Fund | 0.34 | 0.35 | — | 96 | Emerging Markets Bonds | APDSX vs APFOX | |
| Artisan High Income Fund | 0.45 | 0.45 | 0.47 | 51 | High Yield Bonds | APDSX vs ARTFX | |
| Artisan Global Equity Fund | 0.50 | 0.64 | 0.73 | 62 | Global Equities | APDSX vs ARTHX | |
| Artisan Global Value Fund | 0.64 | 0.67 | 0.69 | 54 | Global Equities | APDSX vs ARTGX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from APDSX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to APDSX and solid risk/return profiles. The least correlated is Corteva, Inc. (CTVA) (Basic Materials) with a 1Y correlation of 0.27, roughly unchanged from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Corteva, Inc. | 0.27 | 0.37 | 0.36 | 51 | Basic Materials |
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