Looking to diversify beyond APITX? The mutual funds below have historically moved differently from APITX, 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 APITX
5 mutual funds have low correlation with APITX (below 0.3), 0 of which are negatively correlated. The least correlated is GQG Partners Global Quality Dividend Income Fund (GQFPX) (Quality Factor) with a 1Y correlation of 0.00, down from 0.51 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners Global Quality Dividend Income Fund | 0.00 | 0.38 | 0.51 | 70 | Quality Factor, Global Equities | APITX vs GQFPX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.20 | 0.38 | 0.52 | 79 | Infrastructure Equities, Global Equities | APITX vs CSUAX | |
| Yorktown Short Term Bond Fund | 0.27 | 0.18 | 0.16 | 61 | Short-Term Bond | APITX vs APIMX | |
| SEI Institutional Managed Trust Global Managed Vol... | 0.27 | 0.51 | 0.63 | 53 | Global Equities, Low Volatility | APITX vs SVTAX | |
| Nuveen Global Infrastructure Fund Class A | 0.28 | 0.45 | 0.58 | 66 | Infrastructure Equities, Global Equities | APITX vs FGIAX |
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