PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

AB Wealth Appreciation Strategy (AWAYX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 5, 2026

The fund invests primarily in equity securities, either directly or through underlying investment companies advised by the Adviser ("Underlying Portfolios"). A majority of the fund's assets are expected to be invested directly in U.S. large-cap equity securities, primarily common stocks, in accordance with the Adviser's U.S. Strategic Equities investment strategy ("U.S. Strategic Equities").

Looking to diversify beyond AWAYX? The mutual funds below have the lowest correlation with AWAYX — 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 AWAYX.

Best Diversifiers for AWAYX

1 mutual funds have low correlation with AWAYX (below 0.3), 0 of which are negatively correlated. The least correlated is AB Municipal Income Shares (MISHX) (High Yield Muni) with a 1Y correlation of 0.21, roughly unchanged from 0.14 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
MISHX
AB Municipal Income Shares0.210.170.14
68
High Yield MuniAWAYX vs MISHX
RTXAX
Russell Investment Tax-Managed Real Assets Fund0.520.640.74
80
Global EquitiesAWAYX vs RTXAX
AGDAX
AB High Income Fund0.530.480.51
67
High Yield BondsAWAYX vs AGDAX
PGVFX
Polaris Global Value Fund0.560.680.77
90
Global EquitiesAWAYX vs PGVFX
PRAFX
T. Rowe Price Real Assets Fund0.570.660.75
56
Global EquitiesAWAYX vs PRAFX
See all 25 diversifiers for AWAYX

To view more results, upgrade your current subscription plan.

Diversification Analysis

Build a portfolio that complements AWAYX

Add AWAYX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with AWAYX