Looking to diversify beyond ASTIX? The mutual funds below have historically moved differently from ASTIX, 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 ASTIX
1 mutual funds have low correlation with ASTIX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Tactical Opportunities Fund Institutional Class (PBAIX) (Tactical Allocation) with a 1Y correlation of 0.11, down from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund Institutiona... | 0.11 | 0.29 | 0.22 | 85 | Tactical Allocation | ASTIX vs PBAIX | |
| Goldman Sachs TacticalTiltOverlayFund | 0.37 | 0.29 | 0.44 | 68 | Tactical Allocation | ASTIX vs TTIFX | |
| Hussman Strategic Total Return Fund | 0.38 | 0.32 | 0.36 | 93 | Tactical Allocation | ASTIX vs HSTRX | |
| Timothy Plan Defensive Strategies Fund Class I | 0.40 | 0.47 | 0.55 | 68 | Tactical Allocation | ASTIX vs TPDIX | |
| AQR Diversifying Strategies Fund Class N | 0.41 | 0.32 | 0.13 | 92 | Tactical Allocation | ASTIX vs QDSNX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ASTIX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.27, down from 0.54 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | 0.27 | 0.40 | 0.54 | 90 | Technology | |
| General Electric Company | 0.32 | 0.45 | 0.51 | 76 | Industrials |
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