Looking to diversify beyond AWP? The mutual funds below have historically moved differently from AWP, 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 AWP
4 mutual funds have low correlation with AWP (below 0.3), 1 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| TIAA Real Estate Account | -0.17 | — | — | 99 | REIT | AWP vs QREARX | |
| Redwood Real Estate Income Fund | 0.06 | — | — | 100 | REIT | AWP vs CREMX | |
| Calamos Convertible Opportunities and Income Fund | 0.21 | 0.29 | 0.40 | 82 | Convertible Bonds | AWP vs CHI | |
| abrdn World Healthcare Fund | 0.30 | 0.39 | 0.42 | 84 | Health & Biotech Equities | AWP vs THW | |
| Fidelity Series Real Estate Income Fund | 0.41 | 0.44 | 0.59 | 87 | REIT | AWP vs FSREX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AWP, 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 BlackRock Science and Technology Trust (BST) (Financial Services) with a 1Y correlation of 0.16, down from 0.43 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BlackRock Science and Technology Trust | 0.16 | 0.28 | 0.43 | 80 | Financial Services | |
| BlackRock Capital Allocation Term Trust | 0.26 | 0.35 | 0.47 | 95 | Financial Services | |
| PIMCO Dynamic Income Opportunities Fund | 0.27 | 0.35 | 0.39 | 65 | Financial Services | |
| OneMain Holdings, Inc. | 0.31 | 0.37 | 0.46 | 59 | Financial Services | |
| Nuveen AMT-Free Quality Municipal Income Fund | 0.32 | 0.35 | 0.36 | 78 | Financial Services |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements AWP
Add AWP to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with AWP