Looking to diversify beyond APFOX? The mutual funds below have historically moved differently from APFOX, 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 APFOX
2 mutual funds have low correlation with APFOX (below 0.3), 0 of which are negatively correlated. The least correlated is Artisan Global Unconstrained Fund (APFPX) (Nontraditional Bonds) with a 1Y correlation of 0.11, down from 0.26 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Artisan Global Unconstrained Fund | 0.11 | 0.26 | — | 99 | Nontraditional Bonds | APFOX vs APFPX | |
| Artisan Value Income Fund | 0.27 | 0.31 | — | 55 | Large Cap Value Equities | APFOX vs APFWX | |
| Artisan Floating Rate Fund | 0.31 | 0.23 | — | 85 | Bank Loan | APFOX vs ARTUX | |
| Morgan Stanley Emerging Markets Domestic Fund | 0.37 | 0.31 | — | 57 | Emerging Markets Bonds | APFOX vs EDD | |
| Artisan Value Fund | 0.37 | 0.36 | — | 55 | Large Cap Value Equities | APFOX vs ARTLX |
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