Looking to diversify beyond FADMX? The mutual funds below have historically moved differently from FADMX, 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 FADMX
13 mutual funds have low correlation with FADMX (below 0.3), 2 of which are negatively correlated. The least correlated is Fidelity Select Energy Portfolio (FSENX) (Energy Equities) with a 1Y correlation of -0.20, down from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | -0.20 | 0.06 | 0.10 | 87 | Energy Equities | FADMX vs FSENX | |
| Invesco Balanced-Risk Commodity Strategy Fund Clas... | -0.15 | -0.06 | 0.05 | 76 | Commodities | FADMX vs BRCAX | |
| DFA Two-Year Fixed Income Portfolio | 0.07 | 0.05 | 0.28 | 100 | Short-Term Bond | FADMX vs DFCFX | |
| JPMorgan Strategic Income Opportunities Fund Class... | 0.17 | -0.19 | -0.26 | 99 | Total Bond Market | FADMX vs JSOSX | |
| Nationwide Strategic Income A | 0.19 | 0.25 | 0.18 | 99 | Multisector Bonds | FADMX vs NWXEX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FADMX, 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 Visa Inc. (V) (Financial Services) with a 1Y correlation of 0.09, down from 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Visa Inc. | 0.09 | 0.21 | 0.26 | 55 | Financial Services | |
| AGNC Investment Corp. | 0.43 | 0.47 | 0.42 | 78 | Real Estate |
Build a portfolio that complements FADMX
Add FADMX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FADMX