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
16 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 0.02, 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 | 0.02 | 0.20 | 0.23 | 96 | Municipal Bonds | ASTEX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.16 | 0.24 | 0.25 | 95 | Municipal Bonds | ASTEX vs DMREX | |
| Fidelity 500 Index Fund | 0.16 | 0.12 | 0.08 | 75 | S&P 500 | ASTEX vs FXAIX | |
| DFA Short Term Municipal Bond Portfolio | 0.16 | 0.27 | 0.34 | 99 | Municipal Bonds | ASTEX vs DFSMX | |
| American Funds Investment Company of America Class... | 0.19 | 0.12 | 0.08 | 58 | Large Cap Blend Equities | ASTEX vs AIVSX |
See all 33 diversifiers for ASTEX
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