Looking to diversify beyond AWSAX? The mutual funds below have the lowest correlation with AWSAX — 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 AWSAX.
Best Diversifiers for AWSAX
0 mutual funds have low correlation with AWSAX (below 0.3), 0 of which are negatively correlated. The least correlated is Russell Investment Tax-Managed Real Assets Fund (RTXAX) (Global Equities) with a 1Y correlation of 0.55, down from 0.71 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Russell Investment Tax-Managed Real Assets Fund | 0.55 | 0.64 | 0.71 | 81 | Global Equities | AWSAX vs RTXAX | |
| T. Rowe Price Real Assets Fund | 0.56 | 0.63 | 0.71 | 57 | Global Equities | AWSAX vs PRAFX | |
| Polaris Global Value Fund | 0.56 | 0.66 | 0.74 | 90 | Global Equities | AWSAX vs PGVFX | |
| Artisan Global Equity Fund | 0.64 | 0.73 | 0.80 | 62 | Global Equities | AWSAX vs ARTHX | |
| GMO Climate Change Fund | 0.64 | 0.65 | 0.70 | 93 | Global Equities | AWSAX vs GCCHX |
See all 27 diversifiers for AWSAX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements AWSAX
Add AWSAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with AWSAX