Looking to diversify beyond ASFYX? The mutual funds below have historically moved differently from ASFYX, 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 ASFYX
65 mutual funds have low correlation with ASFYX (below 0.3), 22 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Tax-Free Conservative Income Fund (TFCYX) (Municipal Bonds) with a 1Y correlation of -0.16, down from -0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.16 | -0.08 | -0.06 | 99 | Municipal Bonds | ASFYX vs TFCYX | |
| Aspiriant Risk-Managed Municipal Bond Fund | -0.12 | -0.14 | -0.22 | 94 | Municipal Bonds | ASFYX vs RMMBX | |
| BlackRock National Municipal Fund | -0.11 | -0.14 | -0.19 | 69 | Municipal Bonds | ASFYX vs MANLX | |
| BlackRock Allocation Target Shares Series A Portfo... | -0.10 | -0.15 | -0.31 | 98 | Short-Term Bond | ASFYX vs BATAX | |
| BlackRock Allocation Target Shares Series S Portfo... | -0.10 | -0.12 | -0.31 | 84 | Short-Term Bond | ASFYX vs BRASX |
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