Looking to diversify beyond AWTAX? The mutual funds below have historically moved differently from AWTAX, 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 AWTAX
22 mutual funds have low correlation with AWTAX (below 0.3), 7 of which are negatively correlated. The least correlated is Fidelity Select Energy Portfolio (FSENX) (Energy Equities) with a 1Y correlation of -0.08, down from 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | -0.08 | 0.16 | 0.26 | 87 | Energy Equities | AWTAX vs FSENX | |
| Vanguard Energy Index Fund Admiral Shares | -0.08 | 0.15 | 0.25 | 72 | Energy Equities | AWTAX vs VENAX | |
| Invesco Energy Fund | -0.08 | 0.15 | 0.26 | 73 | Energy Equities | AWTAX vs FSTEX | |
| Guinness Atkinson Global Energy Fund | -0.08 | 0.16 | 0.26 | 84 | Energy Equities | AWTAX vs GAGEX | |
| Recurrent MLP & Infrastructure Fund | -0.04 | 0.24 | 0.34 | 92 | Infrastructure Equities, Energy Equities | AWTAX vs RMLPX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements AWTAX
Add AWTAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with AWTAX