Looking to diversify beyond AWPAX? The mutual funds below have the lowest correlation with AWPAX — 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 AWPAX.
Best Diversifiers for AWPAX
1 mutual funds have low correlation with AWPAX (below 0.3), 0 of which are negatively correlated. The least correlated is AB Municipal Income Shares (MISHX) (High Yield Muni) with a 1Y correlation of 0.29, roughly unchanged from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AB Municipal Income Shares | 0.29 | 0.25 | 0.21 | 72 | High Yield Muni | AWPAX vs MISHX | |
| PIMCO RAE PLUS International Fund | 0.51 | 0.52 | 0.57 | 75 | Foreign Large Cap Equities | AWPAX vs PTSIX | |
| AB High Income Fund | 0.51 | 0.49 | 0.55 | 71 | High Yield Bonds | AWPAX vs AGDAX | |
| SA International Value Fund | 0.54 | 0.55 | 0.64 | 88 | Foreign Large Cap Equities | AWPAX vs SAHMX | |
| Kopernik International Fund | 0.54 | 0.44 | 0.57 | 54 | Foreign Large Cap Equities | AWPAX vs KGIIX |
See all 21 diversifiers for AWPAX
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