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
11 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 0.08, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Adams Natural Resources Closed Fund | 0.08 | 0.23 | 0.33 | 63 | Energy Equities | ASGI vs PEO | |
| abrdn Ultra Short Municipal Income Fund | 0.10 | 0.05 | 0.04 | 99 | Municipal Bonds | ASGI vs ATOIX | |
| American Beacon Frontier Markets Income Fund | 0.16 | 0.21 | 0.26 | 98 | Emerging Markets Bonds | ASGI vs AGEPX | |
| Columbia Seligman Premium Technology Growth Closed... | 0.20 | 0.24 | 0.37 | 98 | Technology Equities | ASGI vs STK | |
| abrdn Short Duration High Yield Municipal Fund | 0.22 | 0.22 | 0.19 | 56 | 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of 0.06, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | 0.06 | 0.18 | 0.24 | 69 | Consumer Defensive | |
| Verizon Communications Inc. | 0.11 | 0.18 | 0.22 | 59 | Communication Services | |
| Trinity Capital Inc. | 0.11 | 0.21 | 0.26 | 80 | Financial Services | |
| Sabra Health Care REIT, Inc. | 0.11 | 0.27 | 0.34 | 54 | Real Estate | |
| AST SpaceMobile, Inc. | 0.12 | 0.16 | 0.19 | 91 | Communication Services |
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