Looking to diversify beyond ASMNX? The mutual funds below have the lowest correlation with ASMNX — 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 ASMNX.
Best Diversifiers for ASMNX
4 mutual funds have low correlation with ASMNX (below 0.3), 1 of which are negatively correlated. The least correlated is AQR Style Premia Alternative Fund (QSPIX) (Multistrategy) with a 1Y correlation of -0.16, roughly unchanged from -0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Style Premia Alternative Fund | -0.16 | -0.13 | -0.16 | 52 | Multistrategy | ASMNX vs QSPIX | |
| AQR Managed Futures Strategy HV Fund | 0.10 | 0.02 | -0.06 | 82 | Systematic Trend | ASMNX vs QMHIX | |
| AQR Managed Futures Strategy Fund | 0.13 | 0.03 | -0.06 | 90 | Systematic Trend | ASMNX vs AQMIX | |
| AQR Alternative Risk Premia Fund | 0.17 | 0.10 | -0.04 | 96 | Multistrategy | ASMNX vs QRPIX | |
| AQR Trend Total Return Fund | 0.43 | 0.46 | — | 93 | Systematic Trend | ASMNX vs QNZNX |
See all 21 diversifiers for ASMNX
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