Looking to diversify beyond APIMX? The mutual funds below have historically moved differently from APIMX, 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 APIMX
5 mutual funds have low correlation with APIMX (below 0.3), 0 of which are negatively correlated. The least correlated is Leader Short Term High Yield Bond Fund (LCCMX) (Short-Term Bond) with a 1Y correlation of 0.04, roughly unchanged from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leader Short Term High Yield Bond Fund | 0.04 | 0.06 | 0.13 | 78 | Short-Term Bond | APIMX vs LCCMX | |
| GuidePath Absolute Return Allocation Fund | 0.18 | 0.49 | 0.54 | 55 | Short-Term Bond | APIMX vs GPARX | |
| DFA Two-Year Fixed Income Portfolio | 0.22 | 0.05 | 0.33 | 100 | Short-Term Bond | APIMX vs DFCFX | |
| GuidepathConservative Income Fund | 0.26 | 0.29 | 0.34 | 99 | Short-Term Bond | APIMX vs GPICX | |
| Holbrook Income Fund | 0.27 | 0.29 | 0.33 | 96 | Short-Term Bond | APIMX vs HOBEX |
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