Looking to diversify beyond AADEX? The mutual funds below have the lowest correlation with AADEX — 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 AADEX.
Best Diversifiers for AADEX
4 mutual funds have low correlation with AADEX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Equity Income Fund (LEIFX) (Large Cap Value Equities) with a 1Y correlation of 0.22, down from 0.78 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Equity Income Fund | 0.22 | 0.59 | 0.78 | 67 | Large Cap Value Equities | AADEX vs LEIFX | |
| American Beacon Frontier Markets Income Fund | 0.24 | 0.23 | 0.27 | 98 | Emerging Markets Bonds | AADEX vs AGEPX | |
| American Beacon Developing World Income Fund Class... | 0.27 | 0.25 | 0.28 | 98 | Emerging Markets Bonds | AADEX vs AGEYX | |
| American Beacon TwentyFour Strategic Income Fund | 0.30 | 0.25 | 0.27 | 64 | Multisector Bonds | AADEX vs TFGPX | |
| American Beacon TwentyFour Sustainable Short Term ... | 0.34 | 0.19 | 0.18 | 65 | Short-Term Bond | AADEX vs TFBYX |
See all 54 diversifiers for AADEX
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