Looking to diversify beyond APFDX? The mutual funds below have historically moved differently from APFDX, 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 APFDX
4 mutual funds have low correlation with APFDX (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 -0.19, roughly unchanged from -0.17 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Artisan Global Unconstrained Fund | -0.19 | -0.17 | — | 99 | Nontraditional Bonds | APFDX vs APFPX | |
| GQG Partners Global Quality Dividend Income Fund | 0.04 | 0.38 | 0.48 | 70 | Quality Factor, Global Equities | APFDX vs GQFPX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.24 | 0.34 | 0.47 | 79 | Infrastructure Equities, Global Equities | APFDX vs CSUAX | |
| Artisan Floating Rate Fund | 0.28 | 0.22 | — | 85 | Bank Loan | APFDX vs ARTUX | |
| Nuveen Global Infrastructure Fund Class A | 0.32 | 0.41 | 0.54 | 66 | Infrastructure Equities, Global Equities | APFDX vs FGIAX |
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