Looking to diversify beyond AWEIX? The mutual funds below have historically moved differently from AWEIX, 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 AWEIX
0 mutual funds have low correlation with AWEIX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs Strategic Volatility Premium Fund (SVPFX) (Large Cap Blend Equities) with a 1Y correlation of 0.38, up from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Strategic Volatility Premium Fund | 0.38 | 0.18 | 0.16 | 97 | Large Cap Blend Equities | AWEIX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.52 | 0.35 | 0.41 | 59 | Preferred Stock | AWEIX vs ORDNX | |
| Rock Oak Core Growth Fund | 0.56 | 0.67 | 0.78 | 89 | Large Cap Blend Equities | AWEIX vs RCKSX | |
| Muhlenkamp Fund | 0.57 | 0.67 | 0.70 | 59 | Large Cap Blend Equities | AWEIX vs MUHLX | |
| Glenmede Responsible ESG U.S. Equity Portfolio | 0.63 | 0.77 | 0.85 | 87 | Large Cap Blend Equities | AWEIX vs RESGX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AWEIX, 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 Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.11, down from 0.50 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.11 | 0.34 | 0.50 | 61 | Financial Services |
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