Looking to diversify beyond ADVDX? The mutual funds below have the lowest correlation with ADVDX — 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 ADVDX.
Best Diversifiers for ADVDX
2 mutual funds have low correlation with ADVDX (below 0.3), 1 of which are negatively correlated. The least correlated is abrdn Ultra Short Municipal Income Fund (ATOIX) (Municipal Bonds) with a 1Y correlation of -0.01, roughly unchanged from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| abrdn Ultra Short Municipal Income Fund | -0.01 | -0.00 | -0.03 | 99 | Municipal Bonds | ADVDX vs ATOIX | |
| abrdn Short Duration High Yield Municipal Fund | 0.22 | 0.19 | 0.15 | 57 | High Yield Muni | ADVDX vs AHYMX | |
| abrdn World Healthcare Fund | 0.42 | 0.47 | 0.53 | 61 | Health & Biotech Equities | ADVDX vs THW | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.46 | 0.58 | 0.67 | 51 | Global Equities | ADVDX vs CSUAX | |
| abrdn Global Absolute Return Strategies Fund | 0.46 | 0.31 | 0.11 | 53 | Macro Trading | ADVDX vs CGFIX |
See all 38 diversifiers for ADVDX
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