Looking to diversify beyond ASDVX? The mutual funds below have historically moved differently from ASDVX, 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 ASDVX
11 mutual funds have low correlation with ASDVX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Two-Year Fixed Income Portfolio (DFCFX) (Short-Term Bond) with a 1Y correlation of 0.12, down from 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Two-Year Fixed Income Portfolio | 0.12 | 0.01 | 0.26 | 100 | Short-Term Bond | ASDVX vs DFCFX | |
| GuidePath Absolute Return Allocation Fund | 0.15 | 0.50 | 0.57 | 55 | Short-Term Bond | ASDVX vs GPARX | |
| Fidelity Floating Rate High Income Fund | 0.18 | 0.17 | 0.24 | 94 | Bank Loan | ASDVX vs FFRHX | |
| Leader Short Term High Yield Bond Fund | 0.24 | 0.16 | 0.24 | 78 | Short-Term Bond | ASDVX vs LCCMX | |
| Nationwide Strategic Income A | 0.25 | 0.29 | 0.25 | 99 | Multisector Bonds | ASDVX vs NWXEX |
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