Looking to diversify beyond APENX? The mutual funds below have historically moved differently from APENX, 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 APENX
4 mutual funds have low correlation with APENX (below 0.3), 2 of which are negatively correlated. The least correlated is Cavanal Hill World Energy Fund (APWEX) (Energy Equities) with a 1Y correlation of -0.14, roughly unchanged from -0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cavanal Hill World Energy Fund | -0.14 | -0.03 | -0.06 | 64 | Energy Equities | APENX vs APWEX | |
| Nationwide Strategic Income A | -0.03 | 0.17 | 0.08 | 99 | Multisector Bonds | APENX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.03 | 0.19 | 0.08 | 99 | Multisector Bonds | APENX vs NWXHX | |
| CrossingBridge Low Duration High Yield Fund | 0.20 | 0.21 | 0.16 | 96 | Multisector Bonds | APENX vs CBLDX | |
| Fidelity Flex 500 Index Fund | 0.32 | 0.20 | 0.13 | 59 | Large Cap Blend Equities | APENX vs FDFIX |
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