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CIBC Atlas Income Opportunities Fund (AWIIX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 24, 2026

Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in income producing securities. The fund invests in a combination of common stock, preferred stock, convertible securities, fixed income securities (including corporate bonds, mortgage-backed and asset-backed securities, U.S. government securities, and money market instruments) and other investment companies (including exchange-traded funds ("ETFs") and closed-end investment companies ("closed-end funds").

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

Best Diversifiers for AWIIX

1 mutual funds have low correlation with AWIIX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.07, down from 0.48 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
MHELX
MH Elite Small Cap Fund of Funds Fund0.070.170.48
70
Diversified PortfolioAWIIX vs MHELX
FCSRX
Fidelity Advisor Strategic Real Return Fund Class ...0.350.550.60
82
Diversified PortfolioAWIIX vs FCSRX
FIQDX
Fidelity Advisor Strategic Real Return Fund Class ...0.350.540.59
88
Diversified PortfolioAWIIX vs FIQDX
FSRRX
Fidelity Strategic Real Return Fund0.350.550.60
87
Diversified PortfolioAWIIX vs FSRRX
FSIRX
Fidelity Advisor Strategic Real Return Fund Class ...0.360.550.60
86
Diversified PortfolioAWIIX vs FSIRX
See all 26 diversifiers for AWIIX

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Diversification Analysis

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