Looking to diversify beyond ADANX? The mutual funds below have the lowest correlation with ADANX — 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 ADANX.
Best Diversifiers for ADANX
47 mutual funds have low correlation with ADANX (below 0.3), 5 of which are negatively correlated. The least correlated is GMO Alternative Allocation Fund (GAAVX) (Multistrategy) with a 1Y correlation of -0.03, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GMO Alternative Allocation Fund | -0.03 | 0.15 | 0.19 | 65 | Multistrategy | ADANX vs GAAVX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | -0.03 | 0.02 | 0.02 | 100 | Multistrategy | ADANX vs SRRIX | |
| Multi-Manager Alternative Strategies Fund | -0.02 | 0.08 | 0.18 | 90 | Multistrategy | ADANX vs CZAMX | |
| Stone Ridge Diversified Alternatives Fund | -0.01 | -0.04 | -0.05 | 93 | Multistrategy | ADANX vs SRDAX | |
| FS Multi-Strategy Alternatives Fund | -0.00 | 0.09 | 0.16 | 85 | Multistrategy | ADANX vs FSMSX |
See all 48 diversifiers for ADANX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements ADANX
Add ADANX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ADANX