Looking to diversify beyond ADOIX? The mutual funds below have the lowest correlation with ADOIX — 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 ADOIX.
Best Diversifiers for ADOIX
4 mutual funds have low correlation with ADOIX (below 0.3), 1 of which are negatively correlated. The least correlated is Knights of Columbus Long/Short Equity Fund (KCEIX) (Long-Short) with a 1Y correlation of -0.14, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Knights of Columbus Long/Short Equity Fund | -0.14 | 0.19 | 0.15 | 61 | Long-Short | ADOIX vs KCEIX | |
| Vanguard Market Neutral Fund Institutional Shares | 0.03 | 0.03 | 0.01 | 88 | Long-Short | ADOIX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | 0.04 | 0.04 | 0.02 | 88 | Long-Short | ADOIX vs VMNFX | |
| Quantitative U.S. Long/Short Equity Portfolio | 0.26 | 0.41 | 0.42 | 73 | Long-Short | ADOIX vs GTAPX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.33 | 0.23 | 0.17 | 96 | Long-Short | ADOIX vs BDMIX |
See all 18 diversifiers for ADOIX
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