Looking to diversify beyond APGZX? The mutual funds below have historically moved differently from APGZX, 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 APGZX
15 mutual funds have low correlation with APGZX (below 0.3), 0 of which are negatively correlated. The least correlated is AB Municipal Bond Inflation Strategy (AUNYX) (Municipal Bonds) with a 1Y correlation of 0.19, roughly unchanged from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AB Municipal Bond Inflation Strategy | 0.19 | 0.14 | 0.15 | 85 | Municipal Bonds | APGZX vs AUNYX | |
| AB High Income Municipal Portfolio | 0.19 | 0.10 | 0.13 | 74 | High Yield Muni | APGZX vs ABTYX | |
| AB Municipal Income Fund II Massachusetts Portfoli... | 0.21 | 0.14 | 0.15 | 75 | Municipal Bonds | APGZX vs AMAAX | |
| AB Tax-Aware Fixed Income Opportunities Portfolio | 0.22 | 0.13 | 0.15 | 74 | Municipal Bonds | APGZX vs ATTYX | |
| AB Municipal Income Fund California Portfolio | 0.22 | 0.12 | 0.12 | 72 | Municipal Bonds | APGZX vs ALCAX |
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