Looking to diversify beyond ADAIX? The mutual funds below have historically moved differently from ADAIX, 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 ADAIX
57 mutual funds have low correlation with ADAIX (below 0.3), 6 of which are negatively correlated. The least correlated is AQR Style Premia Alternative Fund - Class I (QSPIX) (Multistrategy) with a 1Y correlation of -0.04, roughly unchanged from -0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Style Premia Alternative Fund - Class I | -0.04 | 0.07 | -0.12 | 90 | Multistrategy | ADAIX vs QSPIX | |
| AQR Style Premia Alternative R6 | -0.03 | 0.06 | -0.12 | 90 | Multistrategy | ADAIX vs QSPRX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | -0.03 | 0.02 | 0.03 | 100 | Multistrategy | ADAIX vs SRRIX | |
| PIMCO Income Fund Institutional Class | -0.03 | 0.04 | 0.18 | 52 | Multisector Bonds | ADAIX vs PIMIX | |
| AQR Style Premia Alternative Fund Class N | -0.02 | 0.06 | -0.12 | 89 | Multistrategy | ADAIX vs QSPNX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ADAIX, 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 Sun Life Financial Inc. (SLF) (Financial Services) with a 1Y correlation of 0.12, down from 0.33 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Sun Life Financial Inc. | 0.12 | 0.24 | 0.33 | 92 | Financial Services | |
| MetLife, Inc. | 0.20 | 0.29 | 0.38 | 78 | Financial Services |
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