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
8 mutual funds have low correlation with ASHAX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Short-Duration Real Return Portfolio (DFAIX) (Short-Term Bond) with a 1Y correlation of 0.20, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Short-Duration Real Return Portfolio | 0.20 | 0.16 | 0.26 | 99 | Short-Term Bond | ASHAX vs DFAIX | |
| Leader Short Term High Yield Bond Fund | 0.22 | 0.16 | 0.40 | 74 | Short-Term Bond | ASHAX vs LCCMX | |
| The Merger Fund | 0.23 | 0.21 | 0.24 | 96 | Event Driven | ASHAX vs MERFX | |
| GuidepathConservative Income Fund | 0.25 | 0.34 | 0.34 | 99 | Short-Term Bond | ASHAX vs GPICX | |
| Diamond Hill Short Duration Securitized Bond Fund ... | 0.26 | 0.30 | 0.28 | 99 | Short-Term Bond | ASHAX vs DHEIX |
See all 16 diversifiers for ASHAX
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