Looking to diversify beyond AASOX? The mutual funds below have historically moved differently from AASOX, 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 AASOX
0 mutual funds have low correlation with AASOX (below 0.3), 0 of which are negatively correlated. The least correlated is Alger Growth & Income Fund (ALBAX) (Large Cap Blend Equities) with a 1Y correlation of 0.72, roughly unchanged from 0.75 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Alger Growth & Income Fund | 0.72 | 0.74 | 0.75 | 82 | Large Cap Blend Equities | AASOX vs ALBAX | |
| Oberweis Micro Cap Fund | 0.76 | 0.84 | 0.84 | 79 | Small Cap Growth Equities | AASOX vs OBMCX | |
| Needham Aggressive Growth Fund | 0.78 | 0.80 | 0.81 | 60 | Small Cap Growth Equities | AASOX vs NEAGX | |
| Needham Aggressive Growth Fund Institutional Class | 0.78 | 0.80 | 0.81 | 60 | Small Cap Growth Equities | AASOX vs NEAIX | |
| Dana Epiphany ESG Small Cap Equity Fund | 0.79 | 0.85 | 0.86 | 90 | Small Cap Growth Equities | AASOX vs DSCIX |
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