Looking to diversify beyond ASRAX? The mutual funds below have historically moved differently from ASRAX, 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 ASRAX
2 mutual funds have low correlation with ASRAX (below 0.3), 2 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| TIAA Real Estate Account | -0.26 | — | — | 99 | REIT | ASRAX vs QREARX | |
| Redwood Real Estate Income Fund | -0.01 | — | — | 100 | REIT | ASRAX vs CREMX | |
| Invesco Value Opportunities Fund | 0.39 | 0.52 | 0.58 | 74 | Mid Cap Value Equities | ASRAX vs VVOAX | |
| Invesco Small Cap Value Fund | 0.39 | 0.53 | 0.58 | 76 | Small Cap Value Equities | ASRAX vs VSCAX | |
| Fidelity Series Real Estate Income Fund | 0.47 | 0.53 | 0.68 | 87 | REIT | ASRAX vs FSREX |
See all 27 diversifiers for ASRAX
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