Looking to diversify beyond AASMX? The mutual funds below have the lowest correlation with AASMX — 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 AASMX.
Best Diversifiers for AASMX
3 mutual funds have low correlation with AASMX (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 0.10 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 | 0.10 | 80 | High Yield Muni | AASMX vs THMBX | |
| Thrivent Municipal Bond Fund | 0.19 | 0.17 | 0.10 | 64 | Municipal Bonds | AASMX vs AAMBX | |
| Thrivent Limited Maturity Bond Fund | 0.28 | 0.19 | 0.15 | 76 | Short-Term Bond | AASMX vs THLIX | |
| Thrivent International Allocation Fund | 0.70 | 0.70 | 0.74 | 51 | Foreign Large Cap Equities | AASMX vs TWAAX | |
| Auer Growth Fund | 0.73 | 0.77 | 0.80 | 83 | Small Cap Blend Equities | AASMX vs AUERX |
See all 39 diversifiers for AASMX
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