Looking to diversify beyond APGYX? The mutual funds below have historically moved differently from APGYX, 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 APGYX
17 mutual funds have low correlation with APGYX (below 0.3), 1 of which are negatively correlated. The least correlated is MFS Commodity Strategy Fund (MCSFX) (Commodities) with a 1Y correlation of -0.04, down from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MFS Commodity Strategy Fund | -0.04 | 0.04 | 0.09 | 72 | Commodities | APGYX vs MCSFX | |
| Cliffwater Corporate Lending Fund Class I Shares | 0.17 | 0.10 | 0.09 | 100 | Bank Loan, High Yield Bonds | APGYX vs CCLFX | |
| AB Municipal Bond Inflation Strategy | 0.19 | 0.14 | 0.15 | 85 | Municipal Bonds | APGYX vs AUNYX | |
| AB High Income Municipal Portfolio | 0.19 | 0.10 | 0.13 | 64 | High Yield Muni | APGYX vs ABTYX | |
| AB Tax-Aware Fixed Income Opportunities Portfolio | 0.21 | 0.13 | 0.15 | 66 | Municipal Bonds | APGYX vs ATTYX |
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