Looking to diversify beyond APFPX? The mutual funds below have historically moved differently from APFPX, 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 APFPX
59 mutual funds have low correlation with APFPX (below 0.3), 53 of which are negatively correlated. The least correlated is Navigator Tactical Fixed Income Fund (NTBIX) (Nontraditional Bonds) with a 1Y correlation of -0.29, roughly unchanged from -0.25 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Navigator Tactical Fixed Income Fund | -0.29 | -0.25 | — | 78 | Nontraditional Bonds | APFPX vs NTBIX | |
| Kensington Managed Income Fund | -0.25 | -0.21 | — | 56 | Nontraditional Bonds | APFPX vs KAMIX | |
| Artisan Select Equity Fund | -0.25 | -0.17 | — | 85 | Large Cap Blend Equities | APFPX vs ARTNX | |
| Artisan High Income Fund Advisor Class | -0.25 | -0.21 | — | 60 | High Yield Bonds | APFPX vs APDFX | |
| Artisan High Income Fund Class I | -0.24 | -0.22 | — | 61 | High Yield Bonds | APFPX vs APHFX |
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