Looking to diversify beyond ARDEX? The mutual funds below have the lowest correlation with ARDEX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from ARDEX.
Best Diversifiers for ARDEX
2 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 0.28, up from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AMG GW&K Municipal Bond Fund | 0.28 | 0.20 | 0.13 | 64 | Municipal Bonds | ARDEX vs GWMIX | |
| AMG Veritas Asia Pacific Fund | 0.29 | 0.44 | 0.49 | 92 | Asia Pacific Equities | ARDEX vs MGSEX | |
| Rational Equity Armor Fund | 0.39 | 0.51 | 0.65 | 55 | Large Cap Value Equities | ARDEX vs HDCTX | |
| Fidelity Large Cap Stock Fund | 0.54 | 0.67 | 0.79 | 76 | Large Cap Blend Equities | ARDEX vs FLCSX | |
| AMG Boston Common Global Impact Fund | 0.54 | 0.70 | 0.73 | 71 | Large Cap Growth Equities | ARDEX vs BRWIX |
See all 35 diversifiers for ARDEX
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Diversification Analysis
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