Looking to diversify beyond AHSAX? The mutual funds below have historically moved differently from AHSAX, 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 AHSAX
0 mutual funds have low correlation with AHSAX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Health Care Services Portfolio (FSHCX) (Health & Biotech Equities) with a 1Y correlation of 0.40, down from 0.55 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Health Care Services Portfolio | 0.40 | 0.45 | 0.55 | 68 | Health & Biotech Equities | AHSAX vs FSHCX | |
| Alger Growth & Income Fund | 0.43 | 0.55 | 0.62 | 82 | Large Cap Blend Equities | AHSAX vs ALBAX | |
| Abrdn Healthcare Opportunities Fund | 0.55 | 0.61 | 0.66 | 59 | Health & Biotech Equities | AHSAX vs THQ | |
| abrdn World Healthcare Fund | 0.62 | 0.58 | 0.59 | 84 | Health & Biotech Equities | AHSAX vs THW | |
| Saratoga Health & Biotechnology Fund | 0.63 | 0.69 | 0.72 | 71 | Health & Biotech Equities | AHSAX vs SHPAX |
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