Looking to diversify beyond AADHX? The mutual funds below have the lowest correlation with AADHX — 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 AADHX.
Best Diversifiers for AADHX
1 mutual funds have low correlation with AADHX (below 0.3), 0 of which are negatively correlated. The least correlated is American Century California High Yield Municipal Fund (BCHYX) (Municipal Bonds) with a 1Y correlation of 0.21, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Century California High Yield Municipal F... | 0.21 | 0.22 | 0.17 | 67 | Municipal Bonds | AADHX vs BCHYX | |
| Dimensional Retirement Income Fund | 0.75 | 0.78 | 0.75 | 83 | Target Retirement Date | AADHX vs TDIFX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 0.82 | 0.75 | 0.73 | 72 | Target Retirement Date | AADHX vs FRIMX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.82 | 0.76 | 0.76 | 72 | Target Retirement Date | AADHX vs FRQIX | |
| Fidelity Freedom Index Income Fund Institutional P... | 0.82 | 0.74 | 0.71 | 78 | Target Retirement Date | AADHX vs FFGZX |
See all 40 diversifiers for AADHX
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