Looking to diversify beyond ASDIX? The mutual funds below have the lowest correlation with ASDIX — 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 ASDIX.
Best Diversifiers for ASDIX
19 mutual funds have low correlation with ASDIX (below 0.3), 0 of which are negatively correlated. The least correlated is CrossingBridge Ultra-Short Duration Fund (CBUDX) (Ultrashort Bond) with a 1Y correlation of 0.01, roughly unchanged from 0.06 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| CrossingBridge Ultra-Short Duration Fund | 0.01 | 0.06 | — | 99 | Ultrashort Bond | ASDIX vs CBUDX | |
| Tactical Multi-Purpose Fund | 0.02 | -0.00 | 0.01 | 100 | Ultrashort Bond | ASDIX vs TMPFX | |
| PIMCO Short Term Fund | 0.03 | -0.13 | -0.04 | 99 | Ultrashort Bond | ASDIX vs PTSHX | |
| T. Rowe Price Ultra Short-Term Bond Fund Class I | 0.07 | 0.24 | 0.28 | 99 | Ultrashort Bond | ASDIX vs TRSTX | |
| SEI Institutional Investments Trust Opportunistic ... | 0.11 | 0.26 | 0.31 | 99 | Ultrashort Bond | ASDIX vs ENIAX |
See all 24 diversifiers for ASDIX
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