Looking to diversify beyond ADEIX? The mutual funds below have the lowest correlation with ADEIX — 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 ADEIX.
Best Diversifiers for ADEIX
1 mutual funds have low correlation with ADEIX (below 0.3), 0 of which are negatively correlated. The least correlated is Voya Corporate Leaders Trust Fund (LEXCX) (Large Cap Value Equities) with a 1Y correlation of 0.18, down from 0.63 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Voya Corporate Leaders Trust Fund | 0.18 | 0.46 | 0.63 | 68 | Large Cap Value Equities | ADEIX vs LEXCX | |
| Federated Hermes Strategic Value Dividend Fund | 0.37 | 0.46 | 0.62 | 86 | Large Cap Value Equities | ADEIX vs SVAIX | |
| AMG Yacktman Focused Fund | 0.42 | 0.59 | 0.73 | 86 | Large Cap Value Equities | ADEIX vs YAFFX | |
| Buffalo Flexible Income Fund | 0.51 | 0.67 | 0.78 | 61 | Large Cap Value Equities | ADEIX vs BUFBX | |
| Hennessy Cornerstone Value Fund | 0.53 | 0.62 | 0.75 | 87 | Large Cap Value Equities | ADEIX vs HFCVX |
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