Looking to diversify beyond APHMX? The mutual funds below have historically moved differently from APHMX, 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 APHMX
0 mutual funds have low correlation with APHMX (below 0.3), 0 of which are negatively correlated. The least correlated is Artisan International Value Fund Advisor Class (APDKX) (Foreign Large Cap Equities) with a 1Y correlation of 0.53, roughly unchanged from 0.63 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Artisan International Value Fund Advisor Class | 0.53 | 0.55 | 0.63 | 61 | Foreign Large Cap Equities | APHMX vs APDKX | |
| Needham Growth Fund | 0.79 | 0.78 | 0.82 | 72 | Mid Cap Growth Equities | APHMX vs NEEGX | |
| Needham Growth Fund Institutional Class | 0.79 | 0.78 | 0.82 | 73 | Mid Cap Growth Equities | APHMX vs NEEIX | |
| Victory Munder Mid-Cap Core Growth Fund | 0.80 | 0.83 | 0.85 | 76 | Mid Cap Growth Equities | APHMX vs MGOYX | |
| Vanguard Capital Opportunity Fund Investor Shares | 0.80 | 0.81 | 0.86 | 82 | Mid Cap Growth Equities | APHMX vs VHCOX |
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