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
2 mutual funds have low correlation with AWIIX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.12, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.12 | 0.07 | 0.16 | 73 | Diversified Portfolio | AWIIX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.07 | 0.18 | 0.49 | 64 | Diversified Portfolio | AWIIX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.32 | 0.55 | 0.60 | 95 | Diversified Portfolio | AWIIX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.33 | 0.55 | 0.60 | 96 | Diversified Portfolio | AWIIX vs FIQDX | |
| Fidelity Strategic Real Return Fund | 0.33 | 0.55 | 0.60 | 96 | Diversified Portfolio | AWIIX vs FSRRX |
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