Looking to diversify beyond FAX? The mutual funds below have the lowest correlation with FAX — 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 FAX.
Best Diversifiers for FAX
13 mutual funds have low correlation with FAX (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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| abrdn Ultra Short Municipal Income Fund | 0.02 | 0.02 | 0.02 | 99 | Municipal Bonds | FAX vs ATOIX | |
| abrdn Short Duration High Yield Municipal Fund | 0.10 | 0.13 | 0.14 | 54 | High Yield Muni | FAX vs AHYMX | |
| abrdn World Healthcare Fund | 0.24 | 0.28 | 0.27 | 60 | Health & Biotech Equities | FAX vs THW | |
| abrdn Emerging Markets ex-China Fund | 0.25 | 0.29 | 0.33 | 95 | Emerging Markets Diversified | FAX vs GLLSX | |
| abrdn Emerging Markets Instl Svc | 0.25 | 0.26 | 0.31 | 90 | Emerging Markets Diversified | FAX vs AEMSX |
See all 29 diversifiers for FAX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements FAX
Add FAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FAX