Looking to diversify beyond AWMIX? The mutual funds below have historically moved differently from AWMIX, 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 AWMIX
0 mutual funds have low correlation with AWMIX (below 0.3), 0 of which are negatively correlated. The least correlated is John Hancock Funds Disciplined Value Mid Cap Fund Class I (JVMIX) (Mid Cap Value Equities) with a 1Y correlation of 0.73, down from 0.83 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| John Hancock Funds Disciplined Value Mid Cap Fund ... | 0.73 | 0.81 | 0.83 | 54 | Mid Cap Value Equities | AWMIX vs JVMIX | |
| Needham Growth Fund | 0.78 | 0.78 | 0.84 | 57 | Mid Cap Growth Equities | AWMIX vs NEEGX | |
| Needham Growth Fund Institutional Class | 0.79 | 0.78 | 0.83 | 53 | Mid Cap Growth Equities | AWMIX vs NEEIX | |
| PRIMECAP Odyssey Aggressive Growth Fund | 0.80 | 0.82 | 0.86 | 78 | Mid Cap Growth Equities | AWMIX vs POAGX | |
| Timothy Plan Aggressive Growth Fund | 0.81 | 0.87 | 0.91 | 66 | Mid Cap Growth Equities | AWMIX vs TAAGX |
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