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CIBC Atlas Equity Income Fund (AWYIX) Diversifiers

Mutual Fund · Currency in USD · Last updated Aug 4, 2026
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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 historically moved differently from AWYIX, 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 AWYIX

1 mutual funds have low correlation with AWYIX (below 0.3), 0 of which are negatively correlated. The least correlated is Allspring Emerging Markets Equity Income Fund (EQIIX) (Dividend) with a 1Y correlation of 0.29, down from 0.47 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
EQIIX
Allspring Emerging Markets Equity Income Fund0.290.380.48
68
Dividend, Emerging Markets EquitiesAWYIX vs EQIIX
FOCPX
Fidelity OTC Portfolio0.330.520.66
72
Large Cap Growth EquitiesAWYIX vs FOCPX
FOCKX
Fidelity OTC Portfolio Class K0.340.520.66
72
Large Cap Growth EquitiesAWYIX vs FOCKX
FOKFX
Fidelity OTC K6 Portfolio0.350.520.66
59
Large Cap Growth EquitiesAWYIX vs FOKFX
FGKFX
Fidelity Growth Company K6 Fund0.380.570.69
54
Large Cap Growth EquitiesAWYIX vs FGKFX
See all 65 diversifiers for AWYIX

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Low-Correlation Stock Ideas

The table shows companies with at least $1B in market capitalization, historical correlation data for AWYIX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. 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.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
BRK-B
Berkshire Hathaway Inc.0.340.470.59
61
Financial Services

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