Looking to diversify beyond ASFYX? The mutual funds below have the lowest correlation with ASFYX — 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 ASFYX.
Best Diversifiers for ASFYX
45 mutual funds have low correlation with ASFYX (below 0.3), 18 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 -0.17, down from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.17 | -0.08 | -0.06 | 99 | Municipal Bonds | ASFYX vs TFCYX | |
| BlackRock National Municipal Fund | -0.09 | -0.14 | -0.19 | 68 | Municipal Bonds | ASFYX vs MANLX | |
| Aspiriant Risk-Managed Municipal Bond Fund | -0.08 | -0.13 | -0.22 | 67 | Municipal Bonds | ASFYX vs RMMBX | |
| BlackRock Allocation Target Shares Series A Portfo... | -0.06 | -0.16 | -0.32 | 97 | Short-Term Bond | ASFYX vs BATAX | |
| BlackRock Short Obligations Fund | -0.06 | -0.09 | -0.19 | 99 | Ultrashort Bond | ASFYX vs BBSOX |
See all 254 diversifiers for ASFYX
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