Looking to diversify beyond AWGIX? The mutual funds below have the lowest correlation with AWGIX — 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 AWGIX.
Best Diversifiers for AWGIX
0 mutual funds have low correlation with AWGIX (below 0.3), 0 of which are negatively correlated. The least correlated is Emerald Insights Fund (EFCNX) (Large Cap Growth Equities) with a 1Y correlation of 0.31, down from 0.82 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Emerald Insights Fund | 0.31 | 0.74 | 0.82 | 98 | Large Cap Growth Equities | AWGIX vs EFCNX | |
| ICON Equity Fund | 0.58 | 0.61 | 0.73 | 70 | Large Cap Growth Equities | AWGIX vs IOLZX | |
| Vanguard Developed Markets Index Fund Admiral Shar... | 0.63 | 0.64 | 0.71 | 55 | Large Cap Growth Equities, Foreign Large Cap Equities | AWGIX vs VTMGX | |
| Adams Diversified Equity Fund, Inc. | 0.65 | 0.71 | 0.78 | 77 | Large Cap Growth Equities | AWGIX vs ADX | |
| Vanguard PRIMECAP Fund Investor Shares | 0.70 | 0.79 | 0.85 | 94 | Large Cap Growth Equities | AWGIX vs VPMCX |
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