Looking to diversify beyond ARDGX? The mutual funds below have historically moved differently from ARDGX, 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 ARDGX
2 mutual funds have low correlation with ARDGX (below 0.3), 0 of which are negatively correlated. The least correlated is AMG Yacktman Focused Fund (YAFFX) (Large Cap Value Equities) with a 1Y correlation of 0.22, down from 0.64 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AMG Yacktman Focused Fund | 0.22 | 0.52 | 0.64 | 89 | Large Cap Value Equities | ARDGX vs YAFFX | |
| Archer Income Fund | 0.26 | 0.24 | 0.22 | 59 | Intermediate Core-Plus Bond | ARDGX vs ARINX | |
| Archer Multi Cap Fund | 0.33 | 0.55 | 0.64 | 67 | Large Cap Blend Equities | ARDGX vs ALSMX | |
| AMG Yacktman Fund | 0.39 | 0.64 | 0.73 | 91 | Large Cap Value Equities | ARDGX vs YACKX | |
| Fidelity Large Cap Stock Fund | 0.40 | 0.56 | 0.69 | 73 | Large Cap Blend Equities | ARDGX vs FLCSX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ARDGX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Innovative Industrial Properties, Inc. (IIPR) (Real Estate) with a 1Y correlation of 0.33, down from 0.47 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Innovative Industrial Properties, Inc. | 0.33 | 0.46 | 0.47 | 71 | Real Estate |
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