Looking to diversify beyond ADANX? The mutual funds below have historically moved differently from ADANX, 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 ADANX
53 mutual funds have low correlation with ADANX (below 0.3), 4 of which are negatively correlated. The least correlated is Stone Ridge Reinsurance Risk Premium Interval Fund (SRRIX) (Multistrategy) with a 1Y correlation of -0.04, roughly unchanged from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Stone Ridge Reinsurance Risk Premium Interval Fund | -0.04 | 0.01 | 0.02 | 100 | Multistrategy | ADANX vs SRRIX | |
| GMO Alternative Allocation Fund | -0.03 | 0.15 | 0.19 | 89 | Multistrategy | ADANX vs GAAVX | |
| Stone Ridge Diversified Alternatives Fund | -0.03 | -0.03 | -0.06 | 92 | Multistrategy | ADANX vs SRDAX | |
| Eaton Vance Global Macro Absolute Return Advantage... | -0.02 | 0.06 | 0.09 | 98 | Multistrategy | ADANX vs EGRAX | |
| Multi-Manager Alternative Strategies Fund | 0.00 | 0.06 | 0.17 | 92 | Multistrategy | ADANX vs CZAMX |
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