Looking to diversify beyond AASMX? The mutual funds below have historically moved differently from AASMX, 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 AASMX
2 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 0.19, roughly unchanged from 0.11 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 | 0.19 | 0.13 | 0.11 | 92 | High Yield Muni | AASMX vs THMBX | |
| Thrivent Municipal Bond Fund | 0.22 | 0.17 | 0.11 | 81 | Municipal Bonds | AASMX vs AAMBX | |
| Thrivent Limited Maturity Bond Fund | 0.31 | 0.19 | 0.16 | 85 | Short-Term Bond | AASMX vs THLIX | |
| DFA International Small Company Portfolio | 0.64 | 0.65 | 0.70 | 60 | Foreign Small & Mid Cap Equities, Small Cap Blend Equities | AASMX vs DFISX | |
| Auer Growth Fund | 0.70 | 0.75 | 0.79 | 91 | Small Cap Blend Equities | AASMX vs AUERX |
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