Looking to diversify beyond ASCIX? The mutual funds below have the lowest correlation with ASCIX — 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 ASCIX.
Best Diversifiers for ASCIX
10 mutual funds have low correlation with ASCIX (below 0.3), 2 of which are negatively correlated. The least correlated is Artisan Global Unconstrained Fund (APFPX) (Nontraditional Bonds) with a 1Y correlation of -0.04, up from -0.19 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Artisan Global Unconstrained Fund | -0.04 | -0.19 | — | 99 | Nontraditional Bonds | ASCIX vs APFPX | |
| Victory Pioneer Cat Bond Fund Class Y | -0.01 | — | — | 100 | Nontraditional Bonds | ASCIX vs CBYYX | |
| Putnam Mortgage Opportunities Fund | 0.04 | 0.05 | 0.04 | 74 | Nontraditional Bonds | ASCIX vs PMOTX | |
| T. Rowe Price Dynamic Credit Fund | 0.10 | 0.10 | 0.08 | 78 | Nontraditional Bonds | ASCIX vs RPIDX | |
| T. Rowe Price Floating Rate Fund | 0.15 | 0.18 | 0.23 | 96 | High Yield Bonds | ASCIX vs PRFRX |
See all 19 diversifiers for ASCIX
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