Looking to diversify beyond ADAIX? The mutual funds below have the lowest correlation with ADAIX — 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 ADAIX.
Best Diversifiers for ADAIX
43 mutual funds have low correlation with ADAIX (below 0.3), 4 of which are negatively correlated. The least correlated is T. Rowe Price Multi-Strategy Total Return Fund (TMSRX) (Multistrategy) with a 1Y correlation of -0.05, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Multi-Strategy Total Return Fund | -0.05 | 0.10 | 0.15 | 79 | Multistrategy | ADAIX vs TMSRX | |
| AQR Long-Short Equity Fund | -0.03 | 0.06 | 0.03 | 53 | Long-Short | ADAIX vs QLEIX | |
| GMO Alternative Allocation Fund | -0.03 | 0.17 | 0.19 | 66 | Multistrategy | ADAIX vs GAAVX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | -0.02 | 0.03 | 0.03 | 100 | Multistrategy | ADAIX vs SRRIX | |
| FS Multi-Strategy Alternatives Fund | 0.00 | 0.10 | 0.16 | 88 | Multistrategy | ADAIX vs FSMSX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ADAIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ADAIX and solid risk/return profiles. The least correlated is Sun Life Financial Inc. (SLF) (Financial Services) with a 1Y correlation of 0.11, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Sun Life Financial Inc. | 0.11 | 0.24 | 0.32 | 74 | Financial Services |
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