Looking to diversify beyond ASGI? The mutual funds below have the lowest correlation with ASGI — 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 ASGI.
Best Diversifiers for ASGI
10 mutual funds have low correlation with ASGI (below 0.3), 0 of which are negatively correlated. The least correlated is abrdn Ultra Short Municipal Income Fund (ATOIX) (Municipal Bonds) with a 1Y correlation of 0.10, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| abrdn Ultra Short Municipal Income Fund | 0.10 | 0.06 | 0.04 | 99 | Municipal Bonds | ASGI vs ATOIX | |
| American Beacon Frontier Markets Income Fund | 0.15 | 0.22 | 0.26 | 98 | Emerging Markets Bonds | ASGI vs AGEPX | |
| NXG NextGen Infrastructure Income Fund | 0.19 | 0.29 | — | 76 | Global Equity Income | ASGI vs NXG | |
| Columbia Seligman Premium Technology Growth Closed... | 0.20 | 0.23 | 0.37 | 91 | Technology Equities | ASGI vs STK | |
| abrdn Short Duration High Yield Municipal Fund | 0.22 | 0.23 | 0.19 | 73 | High Yield Muni | ASGI vs AHYMX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ASGI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ASGI and solid risk/return profiles. The least correlated is Vista Oil & Gas, S.A.B. de C.V. (VIST) (Energy) with a 1Y correlation of 0.05, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Vista Oil & Gas, S.A.B. de C.V. | 0.05 | 0.10 | 0.19 | 72 | Energy | |
| Altria Group, Inc. | 0.07 | 0.17 | 0.24 | 81 | Consumer Defensive | |
| Verizon Communications Inc. | 0.10 | 0.17 | 0.22 | 57 | Communication Services | |
| Berkshire Hathaway Inc. | 0.10 | 0.22 | 0.36 | 53 | Financial Services | |
| Bloom Energy Corporation | 0.13 | 0.23 | 0.32 | 98 | Industrials |
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