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CIBC Atlas Equity Income Fund (AWYIX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jul 14, 2026

The fund invests in publicly traded securities without regard to market capitalizations. Its investment strategy focuses on identifying stocks within multiple industry groups. The fund seeks to generate current income while also providing capital appreciation. It has wide flexibility in the types of securities used to generate a current income yield. The fund may also invest up to 30% of its net assets in securities of "foreign issuers." It may invest up to 25% of its net assets in securities of "foreign issuers" located in emerging markets.

Looking to diversify beyond AWYIX? The mutual funds below have the lowest correlation with AWYIX — 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 AWYIX.

Best Diversifiers for AWYIX

0 mutual funds have low correlation with AWYIX (below 0.3), 0 of which are negatively correlated. The least correlated is Columbia Global Technology Growth Fund Class A (CTCAX) (Technology Equities) with a 1Y correlation of 0.34, down from 0.66 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
CTCAX
Columbia Global Technology Growth Fund Class A0.340.520.66
62
Technology Equities, Large Cap Growth EquitiesAWYIX vs CTCAX
ATVPX
Alger 35 Fund0.340.530.66
54
Large Cap Growth EquitiesAWYIX vs ATVPX
FOCPX
Fidelity OTC Portfolio0.350.530.67
88
Large Cap Growth EquitiesAWYIX vs FOCPX
FOCKX
Fidelity OTC Portfolio Class K0.350.530.67
88
Large Cap Growth EquitiesAWYIX vs FOCKX
ALZFX
Alger Focus Equity Fund Class Z0.350.530.67
52
Large Cap Growth EquitiesAWYIX vs ALZFX
See all 69 diversifiers for AWYIX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from AWYIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AWYIX and solid risk/return profiles. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.34, down from 0.59 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
BRK-B
Berkshire Hathaway Inc.0.340.460.59
53
Financial Services

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