Looking to diversify beyond ASILX? The mutual funds below have the lowest correlation with ASILX — 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 ASILX.
Best Diversifiers for ASILX
5 mutual funds have low correlation with ASILX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Market Neutral Fund Institutional Shares (VMNIX) (Long-Short) with a 1Y correlation of 0.00, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Market Neutral Fund Institutional Shares | 0.00 | 0.02 | 0.05 | 64 | Long-Short | ASILX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | 0.02 | 0.01 | 0.05 | 63 | Long-Short | ASILX vs VMNFX | |
| AB Municipal Income Shares | 0.15 | 0.12 | 0.10 | 62 | High Yield Muni | ASILX vs MISHX | |
| Knights of Columbus Long/Short Equity Fund | 0.17 | 0.39 | 0.35 | 63 | Long-Short | ASILX vs KCEIX | |
| Guggenheim Alpha Opportunity Fund | 0.28 | 0.28 | 0.36 | 53 | Long-Short | ASILX vs SAOAX |
See all 22 diversifiers for ASILX
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