Looking to diversify beyond ASBAX? The mutual funds below have the lowest correlation with ASBAX — 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 ASBAX.
Best Diversifiers for ASBAX
11 mutual funds have low correlation with ASBAX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA Two-Year Fixed Income Portfolio (DFCFX) (Short-Term Bond) with a 1Y correlation of -0.02, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Two-Year Fixed Income Portfolio | -0.02 | 0.01 | 0.33 | 66 | Short-Term Bond | ASBAX vs DFCFX | |
| Leader Short Term High Yield Bond Fund | 0.10 | 0.15 | 0.18 | 75 | Short-Term Bond | ASBAX vs LCCMX | |
| American Funds Fundamental Investors Class A | 0.19 | 0.07 | 0.09 | 75 | Large Cap Blend Equities | ASBAX vs ANCFX | |
| Fidelity 500 Index Fund | 0.20 | 0.08 | 0.09 | 73 | S&P 500 | ASBAX vs FXAIX | |
| American Funds Investment Company of America Class... | 0.20 | 0.08 | 0.10 | 55 | Large Cap Blend Equities | ASBAX vs AIVSX |
See all 27 diversifiers for ASBAX
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