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 One Rock Fund (ONERX) (Large Cap Growth Equities) with a 1Y correlation of 0.39, down from 0.62 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| One Rock Fund | 0.39 | 0.54 | 0.62 | 89 | Large Cap Growth Equities | AWYIX vs ONERX | |
| Alger 35 Fund | 0.40 | 0.55 | 0.67 | 57 | Large Cap Growth Equities | AWYIX vs ATVPX | |
| Fidelity OTC Portfolio | 0.40 | 0.55 | 0.68 | 90 | Large Cap Growth Equities | AWYIX vs FOCPX | |
| Fidelity OTC Portfolio Class K | 0.40 | 0.55 | 0.68 | 90 | Large Cap Growth Equities | AWYIX vs FOCKX | |
| Alger Large Cap Growth Portfolio Fund | 0.40 | 0.55 | 0.66 | 51 | Large Cap Growth Equities | AWYIX vs AAGOX |
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