Looking to diversify beyond ASGI? The mutual funds below have historically moved differently from ASGI, 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 ASGI
16 mutual funds have low correlation with ASGI (below 0.3), 0 of which are negatively correlated. The least correlated is Adams Natural Resources Closed Fund (PEO) (Energy Equities) with a 1Y correlation of 0.10, down from 0.33 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Adams Natural Resources Closed Fund | 0.10 | 0.23 | 0.33 | 79 | Energy Equities | ASGI vs PEO | |
| abrdn Ultra Short Municipal Income Fund | 0.11 | 0.06 | 0.05 | 100 | Municipal Bonds | ASGI vs ATOIX | |
| American Beacon Frontier Markets Income Fund | 0.13 | 0.22 | 0.25 | 99 | Emerging Markets Bonds | ASGI vs AGEPX | |
| Recurrent MLP & Infrastructure Fund | 0.15 | 0.30 | 0.40 | 92 | Infrastructure Equities, Energy Equities | ASGI vs RMLPX | |
| abrdn Short Duration High Yield Municipal Fund | 0.20 | 0.21 | 0.19 | 82 | High Yield Muni | ASGI vs AHYMX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ASGI, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of 0.03, down from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | 0.03 | 0.16 | 0.22 | 66 | Consumer Defensive | |
| Broadcom Inc. | 0.05 | 0.10 | 0.23 | 67 | Technology | |
| Berkshire Hathaway Inc. | 0.06 | 0.20 | 0.35 | 61 | Financial Services | |
| Verizon Communications Inc. | 0.08 | 0.16 | 0.22 | 66 | Communication Services | |
| Trinity Capital Inc. | 0.11 | 0.20 | 0.25 | 84 | Financial Services |
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