Looking to diversify beyond ARSMX? The mutual funds below have historically moved differently from ARSMX, 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 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 0.18, roughly unchanged from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AMG GW&K Municipal Enhanced Yield Fund | 0.18 | 0.13 | 0.08 | 70 | High Yield Muni | ARSMX vs GWMEX | |
| AMG Yacktman Focused Fund | 0.23 | 0.56 | 0.69 | 91 | Large Cap Value Equities | ARSMX vs YAFFX | |
| Federated Hermes Clover Small Value Fund | 0.25 | 0.54 | 0.73 | 68 | Small Cap Value Equities | ARSMX vs VSFAX | |
| Aegis Value Fund Class I | 0.29 | 0.46 | 0.55 | 94 | Small Cap Value Equities | ARSMX vs AVALX | |
| AMG Boston Common Global Impact Fund | 0.43 | 0.66 | 0.72 | 54 | Large Cap Growth Equities | ARSMX vs BRWIX |
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