Looking to diversify beyond APHKX? The mutual funds below have historically moved differently from APHKX, 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 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 -0.18, roughly unchanged from -0.18 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Artisan Global Unconstrained Fund | -0.18 | -0.18 | — | 99 | Nontraditional Bonds | APHKX vs APFPX | |
| Artisan Floating Rate Fund | 0.26 | 0.19 | — | 76 | Bank Loan | APHKX vs ARTUX | |
| Artisan Emerging Markets Debt Opportunities Fund | 0.45 | 0.42 | — | 98 | Emerging Markets Bonds | APHKX vs APFOX | |
| Kopernik International Fund | 0.49 | 0.45 | 0.57 | 62 | Foreign Large Cap Equities | APHKX vs KGIIX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.51 | 0.66 | 0.73 | 53 | Foreign Large Cap Equities | APHKX vs GSINX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for APHKX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Newmont Corporation (NEM) (Basic Materials) with a 1Y correlation of 0.38, roughly unchanged from 0.32 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Newmont Corporation | 0.38 | 0.35 | 0.32 | 75 | Basic Materials |
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