Looking to diversify beyond ASIEX? The mutual funds below have the lowest correlation with ASIEX — 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 ASIEX.
Best Diversifiers for ASIEX
5 mutual funds have low correlation with ASIEX (below 0.3), 1 of which are negatively correlated. The least correlated is Nationwide Strategic Income A (NWXEX) (Multisector Bonds) with a 1Y correlation of -0.03, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | -0.03 | 0.23 | 0.21 | 99 | Multisector Bonds | ASIEX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.05 | 0.25 | 0.21 | 99 | Multisector Bonds | ASIEX vs NWXHX | |
| CrossingBridge Responsible Credit Fund | 0.10 | 0.15 | — | 58 | Multisector Bonds | ASIEX vs CBRDX | |
| Potomac Managed Volatility Fund | 0.19 | 0.46 | 0.31 | 55 | Multisector Bonds | ASIEX vs CRMVX | |
| CrossingBridge Low Duration High Yield Fund | 0.27 | 0.23 | 0.22 | 97 | Multisector Bonds | ASIEX vs CBLDX |
See all 23 diversifiers for ASIEX
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