Looking to diversify beyond ASIAX? The mutual funds below have historically moved differently from ASIAX, 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 ASIAX
0 mutual funds have low correlation with ASIAX (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco Comstock Fund (ACSTX) (Large Cap Value Equities) with a 1Y correlation of 0.43, roughly unchanged from 0.51 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Comstock Fund | 0.43 | 0.45 | 0.51 | 83 | Large Cap Value Equities | ASIAX vs ACSTX | |
| Invesco Equally-Weighted S&P 500 Fund Class A | 0.49 | 0.50 | 0.55 | 68 | Large Cap Blend Equities | ASIAX vs VADAX | |
| DFA Japanese Small Company Portfolio | 0.50 | 0.46 | 0.49 | 69 | Japan Equities, Asia Pacific Equities | ASIAX vs DFJSX | |
| Invesco Equally-Weighted S&P 500 Fund | 0.51 | 0.50 | 0.55 | 69 | S&P 500 | ASIAX vs VADDX | |
| Invesco Equity and Income Fund | 0.54 | 0.51 | 0.55 | 74 | Diversified Portfolio | ASIAX vs ACEIX |
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