Looking to diversify beyond ASTEX? The mutual funds below have the lowest correlation with ASTEX — 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 ASTEX.
Best Diversifiers for ASTEX
17 mutual funds have low correlation with ASTEX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of 0.01, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | 0.01 | 0.19 | 0.23 | 90 | Municipal Bonds | ASTEX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.15 | 0.24 | 0.26 | 92 | Municipal Bonds | ASTEX vs DMREX | |
| DFA Short Term Municipal Bond Portfolio | 0.15 | 0.29 | 0.34 | 100 | Municipal Bonds | ASTEX vs DFSMX | |
| American Funds The Income Fund of America Class A | 0.19 | 0.20 | 0.15 | 65 | Diversified Portfolio, Dividend | ASTEX vs AMECX | |
| Fidelity 500 Index Fund | 0.20 | 0.13 | 0.09 | 69 | S&P 500 | ASTEX vs FXAIX |
See all 37 diversifiers for ASTEX
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