Looking to diversify beyond APGAX? The mutual funds below have the lowest correlation with APGAX — 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 APGAX.
Best Diversifiers for APGAX
14 mutual funds have low correlation with APGAX (below 0.3), 0 of which are negatively correlated. The least correlated is AB High Income Municipal Portfolio (ABTYX) (High Yield Muni) with a 1Y correlation of 0.17, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AB High Income Municipal Portfolio | 0.17 | 0.10 | 0.12 | 62 | High Yield Muni | APGAX vs ABTYX | |
| AB Tax-Aware Fixed Income Opportunities Portfolio | 0.20 | 0.13 | 0.14 | 70 | Municipal Bonds | APGAX vs ATTYX | |
| AB Municipal Income Fund California Portfolio | 0.20 | 0.11 | 0.11 | 67 | Municipal Bonds | APGAX vs ALCAX | |
| AB Impact Municipal Income Shares | 0.20 | 0.13 | 0.13 | 71 | Municipal Bonds | APGAX vs ABIMX | |
| AB Municipal Bond Inflation Strategy | 0.21 | 0.15 | 0.15 | 91 | Municipal Bonds | APGAX vs AUNYX |
See all 52 diversifiers for APGAX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements APGAX
Add APGAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with APGAX