Looking to diversify beyond AASCX? The mutual funds below have the lowest correlation with AASCX — 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 AASCX.
Best Diversifiers for AASCX
2 mutual funds have low correlation with AASCX (below 0.3), 0 of which are negatively correlated. The least correlated is Thrivent High Income Municipal Bond Fund (THMBX) (High Yield Muni) with a 1Y correlation of 0.14, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Thrivent High Income Municipal Bond Fund | 0.14 | 0.13 | 0.11 | 80 | High Yield Muni | AASCX vs THMBX | |
| Thrivent Municipal Bond Fund | 0.18 | 0.16 | 0.11 | 64 | Municipal Bonds | AASCX vs AAMBX | |
| Thrivent Limited Maturity Bond Fund | 0.31 | 0.20 | 0.16 | 76 | Short-Term Bond | AASCX vs THLIX | |
| Thrivent International Allocation Fund | 0.70 | 0.70 | 0.75 | 51 | Foreign Large Cap Equities | AASCX vs TWAAX | |
| Tarkio Fund | 0.70 | 0.78 | 0.84 | 68 | Mid Cap Blend Equities | AASCX vs TARKX |
See all 31 diversifiers for AASCX
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