Looking to diversify beyond ASQIX? The mutual funds below have historically moved differently from ASQIX, 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 ASQIX
1 mutual funds have low correlation with ASQIX (below 0.3), 0 of which are negatively correlated. The least correlated is American Century California High Yield Municipal Fund (BCHYX) (Municipal Bonds) with a 1Y correlation of 0.21, up from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Century California High Yield Municipal F... | 0.21 | 0.15 | 0.10 | 78 | Municipal Bonds | ASQIX vs BCHYX | |
| American Century Global Real Estate Fund | 0.46 | 0.60 | 0.65 | 55 | REIT | ASQIX vs ARYVX | |
| American Century Equity Income Fund Class I | 0.50 | 0.63 | 0.70 | 85 | Dividend, Large Cap Value Equities | ASQIX vs ACIIX | |
| American Century Equity Income Fund | 0.53 | 0.63 | 0.70 | 84 | Dividend, Large Cap Value Equities | ASQIX vs TWEIX | |
| Auer Growth Fund | 0.72 | 0.78 | 0.82 | 90 | Small Cap Blend Equities | ASQIX vs AUERX |
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