Looking to diversify beyond ASDIX? The mutual funds below have historically moved differently from ASDIX, 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 ASDIX
21 mutual funds have low correlation with ASDIX (below 0.3), 0 of which are negatively correlated. The least correlated is Tactical Multi-Purpose Fund (TMPFX) (Ultrashort Bond) with a 1Y correlation of 0.02, roughly unchanged from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Tactical Multi-Purpose Fund | 0.02 | 0.02 | 0.01 | 100 | Ultrashort Bond | ASDIX vs TMPFX | |
| CrossingBridge Ultra-Short Duration Fund | 0.03 | 0.06 | 0.10 | 99 | Ultrashort Bond | ASDIX vs CBUDX | |
| PIMCO Short Term Fund | 0.05 | -0.11 | -0.04 | 99 | Ultrashort Bond | ASDIX vs PTSHX | |
| T. Rowe Price Ultra Short-Term Bond Fund Class I | 0.09 | 0.20 | 0.28 | 99 | Ultrashort Bond | ASDIX vs TRSTX | |
| U.S. Global Investors U.S. Government Ultra-Short ... | 0.10 | 0.12 | 0.13 | 99 | Ultrashort Bond | ASDIX vs UGSDX |
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