Looking to diversify beyond APHKX? The mutual funds below have the lowest correlation with APHKX — 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 APHKX.
Best Diversifiers for APHKX
2 mutual funds have low correlation with APHKX (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 -0.17, roughly unchanged from -0.18 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Artisan Global Unconstrained Fund | -0.17 | -0.18 | — | 99 | Nontraditional Bonds | APHKX vs APFPX | |
| Artisan Floating Rate Fund | 0.25 | 0.19 | — | 81 | Bank Loan | APHKX vs ARTUX | |
| Artisan Emerging Markets Debt Opportunities Fund | 0.43 | 0.41 | — | 98 | Emerging Markets Bonds | APHKX vs APFOX | |
| Artisan High Income Fund | 0.46 | 0.46 | 0.50 | 56 | High Yield Bonds | APHKX vs ARTFX | |
| Artisan High Income Fund Advisor Class | 0.49 | 0.49 | 0.52 | 56 | High Yield Bonds | APHKX vs APDFX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from APHKX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to APHKX and solid risk/return profiles. The least correlated is Newmont Corporation (NEM) (Basic Materials) with a 1Y correlation of 0.40, roughly unchanged from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Newmont Corporation | 0.40 | 0.37 | 0.33 | 77 | Basic Materials |
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