Looking to diversify beyond ASHAX? The mutual funds below have historically moved differently from ASHAX, 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 ASHAX
10 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 0.07, roughly unchanged from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Two-Year Fixed Income Portfolio | 0.07 | 0.09 | 0.16 | 100 | Short-Term Bond | ASHAX vs DFCFX | |
| The Merger Fund | 0.23 | 0.21 | 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 | |
| Virtus Duff & Phelps Real Estate Securities Fund | 0.25 | 0.39 | 0.43 | 66 | REIT | ASHAX vs PHRAX | |
| Leader Short Term High Yield Bond Fund | 0.25 | 0.16 | 0.40 | 77 | Short-Term Bond | ASHAX vs LCCMX |
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