Looking to diversify beyond ABDAX? The mutual funds below have the lowest correlation with ABDAX — 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 ABDAX.
Best Diversifiers for ABDAX
1 mutual funds have low correlation with ABDAX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.07, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.07 | 0.14 | 0.34 | 64 | Diversified Portfolio | ABDAX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.33 | 0.53 | 0.55 | 96 | Diversified Portfolio | ABDAX vs FSIRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.34 | 0.54 | 0.54 | 95 | Diversified Portfolio | ABDAX vs FCSRX | |
| Fidelity Strategic Real Return Fund Class K6 | 0.34 | 0.54 | 0.55 | 96 | Diversified Portfolio | ABDAX vs FSRKX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.34 | 0.54 | 0.55 | 96 | Diversified Portfolio | ABDAX vs FIQDX |
See all 31 diversifiers for ABDAX
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