Looking to diversify beyond ADVDX? The mutual funds below have historically moved differently from ADVDX, 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 ADVDX
3 mutual funds have low correlation with ADVDX (below 0.3), 0 of which are negatively correlated. The least correlated is abrdn Ultra Short Municipal Income Fund (ATOIX) (Municipal Bonds) with a 1Y correlation of 0.02, roughly unchanged from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| abrdn Ultra Short Municipal Income Fund | 0.02 | 0.00 | -0.02 | 100 | Municipal Bonds | ADVDX vs ATOIX | |
| GQG Partners Global Quality Dividend Income Fund | 0.27 | 0.59 | 0.69 | 70 | Quality Factor, Global Equities | ADVDX vs GQFPX | |
| abrdn Short Duration High Yield Municipal Fund | 0.28 | 0.19 | 0.16 | 82 | High Yield Muni | ADVDX vs AHYMX | |
| abrdn Realty Income & Growth Fund | 0.34 | 0.55 | 0.63 | 82 | REIT | ADVDX vs AIGYX | |
| Abrdn Healthcare Opportunities Fund | 0.34 | 0.49 | 0.59 | 59 | Health & Biotech Equities | ADVDX vs THQ |
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