Looking to diversify beyond AWTAX? The mutual funds below have the lowest correlation with AWTAX — 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 AWTAX.
Best Diversifiers for AWTAX
14 mutual funds have low correlation with AWTAX (below 0.3), 3 of which are negatively correlated. The least correlated is Fidelity Select Energy Portfolio (FSENX) (Energy Equities) with a 1Y correlation of -0.04, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | -0.04 | 0.21 | 0.29 | 79 | Energy Equities | AWTAX vs FSENX | |
| Vanguard Energy Index Fund Admiral Shares | -0.02 | 0.22 | 0.28 | 58 | Energy Equities | AWTAX vs VENAX | |
| Invesco Energy Fund | -0.00 | 0.22 | 0.29 | 70 | Energy Equities | AWTAX vs FSTEX | |
| Guinness Atkinson Global Energy Fund | 0.01 | 0.23 | 0.29 | 86 | Energy Equities | AWTAX vs GAGEX | |
| Recurrent MLP & Infrastructure Fund | 0.02 | 0.29 | 0.37 | 78 | Energy Equities | AWTAX vs RMLPX |
See all 33 diversifiers for AWTAX
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