Looking to diversify beyond AWWIX? The mutual funds below have the lowest correlation with AWWIX — 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 AWWIX.
Best Diversifiers for AWWIX
0 mutual funds have low correlation with AWWIX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes International Strategic Value Dividend Fund (IVFIX) (Foreign Large Cap Equities) with a 1Y correlation of 0.46, down from 0.66 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes International Strategic Value Div... | 0.46 | 0.56 | 0.66 | 63 | Foreign Large Cap Equities | AWWIX vs IVFIX | |
| PIMCO RAE PLUS International Fund | 0.55 | 0.59 | 0.63 | 83 | Foreign Large Cap Equities | AWWIX vs PTSIX | |
| Thornburg Global Opportunities Fund | 0.60 | 0.72 | 0.79 | 86 | Foreign Large Cap Equities | AWWIX vs THOIX | |
| SA International Value Fund | 0.61 | 0.64 | 0.71 | 89 | Foreign Large Cap Equities | AWWIX vs SAHMX | |
| EuroPac International Dividend Income Fund Class A | 0.64 | 0.64 | 0.69 | 75 | Foreign Large Cap Equities, Dividend | AWWIX vs EPDPX |
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