Looking to diversify beyond AASCX? The mutual funds below have historically moved differently from AASCX, 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 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 0.20, roughly unchanged from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Thrivent High Income Municipal Bond Fund | 0.20 | 0.14 | 0.12 | 92 | High Yield Muni | AASCX vs THMBX | |
| Thrivent Municipal Bond Fund | 0.23 | 0.16 | 0.12 | 81 | Municipal Bonds | AASCX vs AAMBX | |
| Thrivent Limited Maturity Bond Fund | 0.30 | 0.19 | 0.17 | 85 | Short-Term Bond | AASCX vs THLIX | |
| Thrivent International Allocation Fund | 0.69 | 0.69 | 0.75 | 55 | Foreign Large Cap Equities | AASCX vs TWAAX | |
| Victory RS Investors Fund | 0.71 | 0.77 | 0.81 | 73 | Mid Cap Blend Equities | AASCX vs RSINX |
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