Looking to diversify beyond ASBAX? The mutual funds below have historically moved differently from ASBAX, 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 ASBAX
10 mutual funds have low correlation with ASBAX (below 0.3), 0 of which are negatively correlated. The least correlated is Leader Short Term High Yield Bond Fund (LCCMX) (Short-Term Bond) with a 1Y correlation of 0.07, roughly unchanged from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leader Short Term High Yield Bond Fund | 0.07 | 0.13 | 0.17 | 84 | Short-Term Bond | ASBAX vs LCCMX | |
| GuidePath Absolute Return Allocation Fund | 0.09 | 0.40 | 0.49 | 69 | Short-Term Bond | ASBAX vs GPARX | |
| DFA Two-Year Fixed Income Portfolio | 0.12 | 0.04 | 0.34 | 100 | Short-Term Bond | ASBAX vs DFCFX | |
| American Funds The Income Fund of America Class A | 0.21 | 0.17 | 0.17 | 81 | Diversified Portfolio, Dividend | ASBAX vs AMECX | |
| Fidelity 500 Index Fund | 0.23 | 0.10 | 0.10 | 64 | S&P 500 | ASBAX vs FXAIX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements ASBAX
Add ASBAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ASBAX