Looking to diversify beyond ARSMX? The mutual funds below have the lowest correlation with ARSMX — 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 ARSMX.
Best Diversifiers for ARSMX
4 mutual funds have low correlation with ARSMX (below 0.3), 0 of which are negatively correlated. The least correlated is AMG GW&K Municipal Enhanced Yield Fund (GWMEX) (High Yield Muni) with a 1Y correlation of 0.13, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AMG GW&K Municipal Enhanced Yield Fund | 0.13 | 0.12 | 0.07 | 58 | High Yield Muni | ARSMX vs GWMEX | |
| Federated Hermes Clover Small Value Fund | 0.20 | 0.55 | 0.74 | 54 | Small Cap Value Equities | ARSMX vs VSFAX | |
| AMG GW&K Municipal Bond Fund | 0.23 | 0.15 | 0.09 | 63 | Municipal Bonds | ARSMX vs GWMIX | |
| AMG Veritas Asia Pacific Fund | 0.25 | 0.41 | 0.48 | 92 | Asia Pacific Equities | ARSMX vs MGSEX | |
| Aegis Value Fund | 0.37 | 0.50 | 0.57 | 89 | Small Cap Value Equities | ARSMX vs AVALX |
See all 89 diversifiers for ARSMX
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