Looking to diversify beyond ADGAX? The mutual funds below have historically moved differently from ADGAX, 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 ADGAX
1 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 0.22, roughly unchanged from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AB Municipal Income Shares | 0.22 | 0.15 | 0.14 | 70 | High Yield Muni | ADGAX vs MISHX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.33 | 0.14 | 0.13 | 96 | Large Cap Blend Equities | ADGAX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.50 | 0.34 | 0.40 | 54 | Preferred Stock | ADGAX vs ORDNX | |
| AB High Income Fund | 0.54 | 0.45 | 0.48 | 52 | High Yield Bonds | ADGAX vs AGDAX | |
| Rock Oak Core Growth Fund | 0.55 | 0.70 | 0.80 | 91 | Large Cap Blend Equities | ADGAX vs RCKSX |
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