Looking to diversify beyond APSTX? The mutual funds below have historically moved differently from APSTX, 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 APSTX
7 mutual funds have low correlation with APSTX (below 0.3), 2 of which are negatively correlated. The least correlated is Cavanal Hill World Energy Fund Institutional Class (AIWEX) (Energy Equities) with a 1Y correlation of -0.20, down from -0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cavanal Hill World Energy Fund Institutional Class | -0.20 | -0.07 | -0.06 | 69 | Energy Equities | APSTX vs AIWEX | |
| Cavanal Hill World Energy Fund | -0.19 | -0.07 | -0.06 | 71 | Energy Equities | APSTX vs APWEX | |
| GuidePath Absolute Return Allocation Fund | 0.09 | 0.53 | 0.58 | 55 | Short-Term Bond | APSTX vs GPARX | |
| Leader Short Term High Yield Bond Fund | 0.14 | 0.18 | 0.19 | 78 | Short-Term Bond | APSTX vs LCCMX | |
| DFA Two-Year Fixed Income Portfolio | 0.20 | 0.04 | 0.35 | 100 | Short-Term Bond | APSTX vs DFCFX |
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