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
8 mutual funds have low correlation with AWTAX (below 0.3), 1 of which are negatively correlated. The least correlated is Recurrent MLP & Infrastructure Fund (RMLPX) (Energy Equities) with a 1Y correlation of -0.01, down from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Recurrent MLP & Infrastructure Fund | -0.01 | 0.27 | 0.36 | 58 | Energy Equities | AWTAX vs RMLPX | |
| Cohen & Steers MLP & Energy Opportunity Fund, Inc. | 0.18 | 0.38 | 0.46 | 95 | Energy Equities | AWTAX vs MLOZX | |
| Cavanal Hill World Energy Fund | 0.19 | 0.34 | 0.38 | 56 | Energy Equities | AWTAX vs APWEX | |
| Vanguard Energy Fund Admiral Shares | 0.23 | 0.40 | 0.46 | 62 | Energy Equities | AWTAX vs VGELX | |
| Vanguard Energy Opportunities Fund Investor Shares | 0.23 | 0.40 | 0.46 | 61 | Energy Equities | AWTAX vs VGENX |
See all 29 diversifiers for AWTAX
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