Looking to diversify beyond ANWFX? The mutual funds below have historically moved differently from ANWFX, 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 ANWFX
4 mutual funds have low correlation with ANWFX (below 0.3), 0 of which are negatively correlated. The least correlated is GQG Partners Global Quality Dividend Income Fund (GQFPX) (Quality Factor) with a 1Y correlation of 0.03, down from 0.56 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners Global Quality Dividend Income Fund | 0.03 | 0.44 | 0.56 | 70 | Quality Factor, Global Equities | ANWFX vs GQFPX | |
| Putnam Ultra Short Duration Income Fund | 0.12 | 0.08 | 0.06 | 99 | Ultrashort Bond | ANWFX vs PSDYX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.18 | 0.35 | 0.50 | 79 | Infrastructure Equities, Global Equities | ANWFX vs CSUAX | |
| Nuveen Global Infrastructure Fund Class A | 0.26 | 0.43 | 0.58 | 66 | Infrastructure Equities, Global Equities | ANWFX vs FGIAX | |
| PGIM Short-Term Corporate Bond Fund Class Z | 0.37 | 0.21 | 0.20 | 66 | Short-Term Bond | ANWFX vs PIFZX |
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