Looking to diversify beyond APENX? The mutual funds below have the lowest correlation with APENX — 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 APENX.
Best Diversifiers for APENX
4 mutual funds have low correlation with APENX (below 0.3), 3 of which are negatively correlated. The least correlated is Cavanal Hill World Energy Fund (APWEX) (Energy Equities) with a 1Y correlation of -0.15, roughly unchanged from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cavanal Hill World Energy Fund | -0.15 | -0.01 | -0.07 | 67 | Energy Equities | APENX vs APWEX | |
| Nationwide Strategic Income A | -0.08 | 0.17 | 0.08 | 99 | Multisector Bonds | APENX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | -0.02 | 0.19 | 0.08 | 99 | Multisector Bonds | APENX vs NWXHX | |
| CrossingBridge Low Duration High Yield Fund | 0.19 | 0.20 | 0.15 | 97 | Multisector Bonds | APENX vs CBLDX | |
| Fidelity Flex 500 Index Fund | 0.31 | 0.20 | 0.13 | 59 | Large Cap Blend Equities | APENX vs FDFIX |
See all 19 diversifiers for APENX
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