Looking to diversify beyond ASHAX? The mutual funds below have the lowest correlation with ASHAX — 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 ASHAX.
Best Diversifiers for ASHAX
9 mutual funds have low correlation with ASHAX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Two-Year Fixed Income Portfolio (DFCFX) (Short-Term Bond) with a 1Y correlation of 0.03, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Two-Year Fixed Income Portfolio | 0.03 | 0.08 | 0.15 | 100 | Short-Term Bond | ASHAX vs DFCFX | |
| The Merger Fund | 0.25 | 0.22 | 0.24 | 97 | Event Driven | ASHAX vs MERFX | |
| DFA Short-Duration Real Return Portfolio | 0.25 | 0.18 | 0.26 | 98 | Short-Term Bond | ASHAX vs DFAIX | |
| Diamond Hill Short Duration Securitized Bond Fund | 0.26 | 0.32 | 0.29 | 99 | Short-Term Bond | ASHAX vs DHEAX | |
| Leader Short Term High Yield Bond Fund | 0.26 | 0.17 | 0.40 | 82 | Short-Term Bond | ASHAX vs LCCMX |
See all 19 diversifiers for ASHAX
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