Looking to diversify beyond AADNX? The mutual funds below have the lowest correlation with AADNX — 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 AADNX.
Best Diversifiers for AADNX
1 mutual funds have low correlation with AADNX (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 0.20, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Century California High Yield Municipal F... | 0.20 | 0.20 | 0.16 | 67 | Municipal Bonds | AADNX vs BCHYX | |
| Dimensional Retirement Income Fund | 0.74 | 0.76 | 0.74 | 83 | Target Retirement Date | AADNX vs TDIFX | |
| Fidelity Freedom Index Income Fund Institutional P... | 0.80 | 0.72 | 0.69 | 78 | Target Retirement Date | AADNX vs FFGZX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.80 | 0.75 | 0.75 | 72 | Target Retirement Date | AADNX vs FRQIX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 0.80 | 0.73 | 0.71 | 72 | Target Retirement Date | AADNX vs FRIMX |
See all 41 diversifiers for AADNX
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