Looking to diversify beyond ARSTX? The mutual funds below have historically moved differently from ARSTX, 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 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 0.22, up from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen High Yield Municipal Bond Fund | 0.22 | 0.11 | 0.10 | 85 | High Yield Muni | ARSTX vs NHMRX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 0.24 | 0.10 | 0.10 | 88 | High Yield Muni | ARSTX vs NVHIX | |
| Nuveen Preferred Securities & Income Fund | 0.38 | 0.34 | 0.38 | 69 | Preferred Stock | ARSTX vs NPSRX | |
| Nuveen Real Estate Securities Fund | 0.40 | 0.53 | 0.61 | 71 | REIT | ARSTX vs FARCX | |
| Nuveen Nasdaq 100 Dynamic Overwrite Fund | 0.57 | 0.59 | 0.64 | 63 | Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed | ARSTX vs QQQX |
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