Looking to diversify beyond ADGAX? The mutual funds below have the lowest correlation with ADGAX — 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 ADGAX.
Best Diversifiers for ADGAX
2 mutual funds have low correlation with ADGAX (below 0.3), 0 of which are negatively correlated. The least correlated is AB Municipal Income Shares (MISHX) (High Yield Muni) with a 1Y correlation of 0.17, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AB Municipal Income Shares | 0.17 | 0.14 | 0.13 | 68 | High Yield Muni | ADGAX vs MISHX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.25 | 0.12 | 0.12 | 71 | Large Cap Blend Equities | ADGAX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.46 | 0.32 | 0.42 | 70 | Large Cap Blend Equities | ADGAX vs ORDNX | |
| AB High Income Fund | 0.49 | 0.43 | 0.47 | 67 | High Yield Bonds | ADGAX vs AGDAX | |
| First Eagle Overseas Fund Class I | 0.59 | 0.58 | 0.65 | 54 | Large Cap Blend Equities, Foreign Large Cap Equities | ADGAX vs SGOIX |
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