Looking to diversify beyond AWPAX? The mutual funds below have historically moved differently from AWPAX, 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 AWPAX
0 mutual funds have low correlation with AWPAX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes International Strategic Value Dividend Fund (IVFIX) (Foreign Large Cap Equities) with a 1Y correlation of 0.33, down from 0.61 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes International Strategic Value Div... | 0.33 | 0.48 | 0.61 | 88 | Foreign Large Cap Equities | AWPAX vs IVFIX | |
| AB Municipal Income Shares | 0.33 | 0.25 | 0.22 | 81 | High Yield Muni | AWPAX vs MISHX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.36 | 0.64 | 0.72 | 61 | Foreign Large Cap Equities | AWPAX vs GSIMX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.37 | 0.64 | 0.72 | 61 | Foreign Large Cap Equities | AWPAX vs GSINX | |
| GQG Partners International Quality Dividend Income... | 0.41 | 0.59 | 0.65 | 71 | Quality Factor, Foreign Large Cap Equities | AWPAX vs GQJPX |
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