Looking to diversify beyond ASHIX? The mutual funds below have the lowest correlation with ASHIX — 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 ASHIX.
Best Diversifiers for ASHIX
3 mutual funds have low correlation with ASHIX (below 0.3), 0 of which are negatively correlated. The least correlated is Cliffwater Corporate Lending Fund (CCLFX) (High Yield Bonds) with a 1Y correlation of 0.06, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund | 0.06 | 0.11 | 0.12 | 100 | High Yield Bonds | ASHIX vs CCLFX | |
| Pioneer ILS Interval Fund | 0.08 | 0.04 | 0.03 | 100 | High Yield Bonds | ASHIX vs XILSX | |
| RiverPark Short Term High Yield Fund | 0.15 | 0.21 | 0.27 | 99 | High Yield Bonds | ASHIX vs RPHIX | |
| Virtus NFJ Emerging Markets Value Fund | 0.40 | 0.36 | 0.42 | 73 | Emerging Markets Diversified | ASHIX vs AZMIX | |
| Virtus Emerging Markets Opportunities Fund | 0.40 | 0.37 | 0.41 | 93 | Emerging Markets Diversified | ASHIX vs AOTIX |
See all 36 diversifiers for ASHIX
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