Looking to diversify beyond AWSHX? The mutual funds below have the lowest correlation with AWSHX — 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 AWSHX.
Best Diversifiers for AWSHX
15 mutual funds have low correlation with AWSHX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Short-Term Inflation-Protected Securities Index Fund Admiral Shares (VTAPX) (Inflation-Protected Bonds) with a 1Y correlation of 0.01, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Inflation-Protected Securities... | 0.01 | 0.10 | 0.16 | 94 | Inflation-Protected Bonds | AWSHX vs VTAPX | |
| Fidelity Select Energy Portfolio | 0.07 | 0.30 | 0.43 | 79 | Energy Equities | AWSHX vs FSENX | |
| American High-Income Municipal Bond Fund | 0.14 | 0.15 | 0.11 | 76 | High Yield Muni | AWSHX vs AMHIX | |
| American Funds Tax Exempt Bond Fund | 0.16 | 0.15 | 0.11 | 70 | Municipal Bonds | AWSHX vs AFTEX | |
| American Funds Tax-Exempt Preservation Portfolio | 0.16 | 0.15 | 0.10 | 69 | Municipal Bonds | AWSHX vs TEPAX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AWSHX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AWSHX and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.05, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.05 | 0.13 | 0.28 | 85 | Energy | |
| Chevron Corporation | -0.04 | 0.15 | 0.30 | 83 | Energy | |
| Altria Group, Inc. | -0.04 | 0.14 | 0.24 | 69 | Consumer Defensive | |
| ConocoPhillips Company | -0.03 | 0.15 | 0.29 | 76 | Energy | |
| BP p.l.c. | -0.02 | 0.16 | 0.29 | 87 | Energy |
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