Looking to diversify beyond ARSTX? The mutual funds below have the lowest correlation with ARSTX — 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 ARSTX.
Best Diversifiers for ARSTX
2 mutual funds have low correlation with ARSTX (below 0.3), 0 of which are negatively correlated. The least correlated is Nuveen High Yield Municipal Bond Fund (NHMRX) (High Yield Muni) with a 1Y correlation of 0.14, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen High Yield Municipal Bond Fund | 0.14 | 0.09 | 0.09 | 61 | High Yield Muni | ARSTX vs NHMRX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 0.19 | 0.09 | 0.10 | 62 | High Yield Muni | ARSTX vs NVHIX | |
| Nuveen Preferred Securities & Income Fund | 0.32 | 0.35 | 0.37 | 76 | Preferred Stock/Convertible Bonds | ARSTX vs NPSRX | |
| Nuveen NASDAQ 100 Dynamic Overwrite Fund | 0.54 | 0.58 | 0.63 | 71 | Large Cap Growth Equities | ARSTX vs QQQX | |
| Nuveen Equity Long/Short Fund | 0.66 | 0.69 | 0.76 | 57 | Long-Short | ARSTX vs NELIX |
See all 31 diversifiers for ARSTX
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