Looking to diversify beyond ADX? The mutual funds below have the lowest correlation with ADX — 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 ADX.
Best Diversifiers for ADX
10 mutual funds have low correlation with ADX (below 0.3), 1 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Miller Market Neutral Income Fund Class I | -0.22 | — | — | 99 | Equity Market Neutral | ADX vs MMNIX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.02 | 0.09 | 0.14 | 89 | Inflation-Protected Bonds | ADX vs VTAPX | |
| Stone Ridge High Yield Reinsurance Risk Premium Fu... | 0.03 | 0.02 | 0.02 | 98 | Multistrategy | ADX vs SHRIX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | 0.07 | 0.05 | 0.03 | 100 | Multistrategy | ADX vs SRRIX | |
| Duff & Phelps Utility and Infrastructure Fund Inc | 0.18 | 0.25 | 0.37 | 60 | Utilities Equities | ADX vs DPG |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ADX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ADX and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.28, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.28 | 0.00 | 0.18 | 68 | Energy | |
| Chevron Corporation | -0.21 | 0.03 | 0.18 | 68 | Energy | |
| ConocoPhillips Company | -0.21 | 0.05 | 0.18 | 61 | Energy | |
| Altria Group, Inc. | -0.20 | -0.02 | 0.11 | 70 | Consumer Defensive | |
| Duke Energy Corporation | -0.19 | -0.04 | 0.10 | 62 | Utilities |
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Build a portfolio that complements ADX
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