Looking to diversify beyond ADJEX? The mutual funds below have historically moved differently from ADJEX, 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 ADJEX
0 mutual funds have low correlation with ADJEX (below 0.3), 0 of which are negatively correlated. The least correlated is Azzad Wise Capital Fund (WISEX) (Short-Term Bond) with a 1Y correlation of 0.39, down from 0.58 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Azzad Wise Capital Fund | 0.39 | 0.47 | 0.58 | 67 | Short-Term Bond | ADJEX vs WISEX | |
| Amana Income Fund Investor Shares | 0.74 | 0.75 | 0.77 | 59 | Large Cap Blend Equities | ADJEX vs AMANX | |
| Amana Growth Fund | 0.75 | 0.79 | 0.85 | 55 | Large Cap Growth Equities | ADJEX vs AMIGX | |
| Amana Growth Fund Investor Shares | 0.76 | 0.79 | 0.85 | 54 | Large Cap Growth Equities | ADJEX vs AMAGX | |
| Iman Fund | 0.81 | 0.85 | 0.90 | 77 | Large Cap Growth Equities | ADJEX vs IMANX |
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