Looking to diversify beyond ASCGX? The mutual funds below have historically moved differently from ASCGX, 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 ASCGX
0 mutual funds have low correlation with ASCGX (below 0.3), 0 of which are negatively correlated. The least correlated is Dana Epiphany ESG Small Cap Equity Fund (DSCIX) (Small Cap Growth Equities) with a 1Y correlation of 0.82, roughly unchanged from 0.89 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Dana Epiphany ESG Small Cap Equity Fund | 0.82 | 0.87 | 0.89 | 90 | Small Cap Growth Equities | ASCGX vs DSCIX | |
| Rydex S&P SmallCap 600 Pure Growth Fund | 0.85 | 0.87 | 0.89 | 77 | Small Cap Growth Equities | ASCGX vs RYWCX | |
| WesMark Small Company Fund | 0.85 | 0.87 | 0.88 | 63 | Small Cap Growth Equities | ASCGX vs WMKSX | |
| Needham Small Cap Growth Fund Institutional | 0.86 | 0.84 | 0.85 | 81 | Small Cap Growth Equities | ASCGX vs NESIX | |
| Needham Small Cap Growth Fund | 0.87 | 0.84 | 0.85 | 80 | Small Cap Growth Equities | ASCGX vs NESGX |
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