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
14 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 Global Infrastructure Fund | 0.22 | 0.30 | 0.34 | 53 | Energy Equities | FAX vs AIFRX | |
| abrdn Emerging Markets ex-China Fund | 0.22 | 0.28 | 0.32 | 96 | Emerging Markets Diversified | FAX vs GLLSX | |
| DoubleLine Low Duration Emerging Markets Fixed Inc... | 0.22 | 0.19 | 0.18 | 98 | Emerging Markets Bonds | FAX vs DBLLX | |
| abrdn Emerging Markets Instl Svc | 0.24 | 0.25 | 0.31 | 91 | Emerging Markets Diversified | FAX vs AEMSX |
See all 24 diversifiers for FAX
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