Looking to diversify beyond ADX? The mutual funds below have historically moved differently from ADX, 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 ADX
18 mutual funds have low correlation with ADX (below 0.3), 5 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Miller Market Neutral Income Fund Class I | -0.18 | — | — | 99 | Equity Market Neutral | ADX vs MMNIX | |
| Fidelity Select Energy Portfolio | -0.14 | 0.15 | 0.29 | 87 | Energy Equities | ADX vs FSENX | |
| Adams Natural Resources Closed Fund | -0.09 | 0.15 | 0.29 | 79 | Energy Equities | ADX vs PEO | |
| AQR Style Premia Alternative Fund - Class I | -0.08 | -0.11 | -0.18 | 90 | Multistrategy | ADX vs QSPIX | |
| Kayne Anderson Energy Infrastructure Fund | -0.04 | 0.25 | 0.38 | 68 | Infrastructure Equities, Energy Equities | ADX vs KYN |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ADX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.28, down from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.28 | 0.02 | 0.19 | 80 | Energy | |
| Exxon Mobil Corporation | -0.27 | -0.01 | 0.16 | 84 | Energy | |
| Altria Group, Inc. | -0.26 | -0.05 | 0.09 | 66 | Consumer Defensive | |
| EOG Resources, Inc. | -0.22 | 0.02 | 0.17 | 72 | Energy | |
| ConocoPhillips Company | -0.22 | 0.03 | 0.18 | 72 | Energy |
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