Looking to diversify beyond ACSMX? The mutual funds below have historically moved differently from ACSMX, 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 ACSMX
0 mutual funds have low correlation with ACSMX (below 0.3), 0 of which are negatively correlated. The least correlated is Oberweis Micro Cap Fund (OBMCX) (Small Cap Growth Equities) with a 1Y correlation of 0.50, down from 0.78 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Oberweis Micro Cap Fund | 0.50 | 0.71 | 0.78 | 79 | Small Cap Growth Equities | ACSMX vs OBMCX | |
| Driehaus Micro Cap Growth Fund | 0.51 | 0.68 | 0.76 | 82 | Small Cap Growth Equities | ACSMX vs DMCRX | |
| Needham Small Cap Growth Fund Institutional | 0.51 | 0.67 | 0.75 | 81 | Small Cap Growth Equities | ACSMX vs NESIX | |
| Hood River Small-Cap Growth Fund | 0.53 | 0.71 | 0.80 | 74 | Small Cap Growth Equities | ACSMX vs HRSMX | |
| Needham Small Cap Growth Fund | 0.54 | 0.68 | 0.76 | 80 | Small Cap Growth Equities | ACSMX vs NESGX |
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