Looking to diversify beyond ASIEX? The mutual funds below have historically moved differently from ASIEX, 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 ASIEX
5 mutual funds have low correlation with ASIEX (below 0.3), 0 of which are negatively correlated. The least correlated is Nationwide Strategic Income A (NWXEX) (Multisector Bonds) with a 1Y correlation of 0.10, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | 0.10 | 0.24 | 0.21 | 99 | Multisector Bonds | ASIEX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.15 | 0.26 | 0.21 | 99 | Multisector Bonds | ASIEX vs NWXHX | |
| American Century Equity Income Fund Class I | 0.27 | 0.30 | 0.27 | 88 | Dividend, Large Cap Value Equities | ASIEX vs ACIIX | |
| CrossingBridge Low Duration High Yield Fund | 0.28 | 0.24 | 0.22 | 96 | Multisector Bonds | ASIEX vs CBLDX | |
| American Century Equity Income Fund | 0.28 | 0.31 | 0.27 | 87 | Dividend, Large Cap Value Equities | ASIEX vs TWEIX |
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