Looking to diversify beyond APHEX? The mutual funds below have historically moved differently from APHEX, 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 APHEX
5 mutual funds have low correlation with APHEX (below 0.3), 1 of which are negatively correlated. The least correlated is Artisan Global Unconstrained Fund (APFPX) (Nontraditional Bonds) with a 1Y correlation of -0.04, roughly unchanged from -0.07 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Artisan Global Unconstrained Fund | -0.04 | -0.07 | — | 99 | Nontraditional Bonds | APHEX vs APFPX | |
| Vanguard Short-Term Bond Index Fund | 0.11 | 0.07 | 0.08 | 53 | Short-Term Bond | APHEX vs VBISX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.19 | 0.48 | 0.57 | 56 | Foreign Large Cap Equities, Emerging Markets Equities | APHEX vs GSIYX | |
| Parametric Commodity Strategy Fund Class I | 0.21 | 0.31 | 0.32 | 85 | Commodities | APHEX vs EIPCX | |
| The Cook & Bynum Fund | 0.23 | 0.37 | 0.44 | 66 | Emerging Markets Equities | APHEX vs COBYX |
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