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
7 mutual funds have low correlation with APENX (below 0.3), 3 of which are negatively correlated. The least correlated is Nationwide Strategic Income A (NWXEX) (Multisector Bonds) with a 1Y correlation of -0.15, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | -0.15 | 0.17 | 0.07 | 99 | Multisector Bonds | APENX vs NWXEX | |
| Cavanal Hill World Energy Fund | -0.14 | -0.01 | -0.07 | 52 | Energy Equities | APENX vs APWEX | |
| Nationwide Amundi Strategic Income Fund | -0.05 | 0.19 | 0.08 | 99 | Multisector Bonds | APENX vs NWXHX | |
| CrossingBridge Responsible Credit Fund | 0.06 | 0.13 | — | 58 | Multisector Bonds | APENX vs CBRDX | |
| Potomac Managed Volatility Fund | 0.18 | 0.40 | 0.23 | 55 | Multisector Bonds | APENX vs CRMVX |
See all 21 diversifiers for APENX
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