Looking to diversify beyond ARDEX? The mutual funds below have historically moved differently from ARDEX, 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 ARDEX
1 mutual funds have low correlation with ARDEX (below 0.3), 0 of which are negatively correlated. The least correlated is AMG GW&K Municipal Bond Fund (GWMIX) (Municipal Bonds) with a 1Y correlation of 0.30, up from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AMG GW&K Municipal Bond Fund | 0.30 | 0.21 | 0.13 | 57 | Municipal Bonds | ARDEX vs GWMIX | |
| AMG Yacktman Focused Fund | 0.32 | 0.58 | 0.70 | 89 | Large Cap Value Equities | ARDEX vs YAFFX | |
| Voya Corporate Leaders Trust Fund | 0.37 | 0.55 | 0.67 | 93 | Large Cap Value Equities | ARDEX vs LEXCX | |
| AMG Boston Common Global Impact Fund | 0.44 | 0.67 | 0.71 | 54 | Large Cap Growth Equities | ARDEX vs BRWIX | |
| GQG Partners US Quality Dividend Income Fund | 0.46 | 0.62 | 0.71 | 62 | Quality Factor, Large Cap Value Equities | ARDEX vs GQHPX |
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