Looking to diversify beyond FWAFX? The mutual funds below have historically moved differently from FWAFX, 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 FWAFX
3 mutual funds have low correlation with FWAFX (below 0.3), 0 of which are negatively correlated. The least correlated is GQG Partners Global Quality Dividend Income Fund (GQFPX) (Quality Factor) with a 1Y correlation of 0.02, down from 0.53 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners Global Quality Dividend Income Fund | 0.02 | 0.37 | 0.53 | 68 | Quality Factor, Global Equities | FWAFX vs GQFPX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.16 | 0.28 | 0.46 | 74 | Infrastructure Equities, Global Equities | FWAFX vs CSUAX | |
| Nuveen Global Infrastructure Fund Class A | 0.25 | 0.36 | 0.54 | 58 | Infrastructure Equities, Global Equities | FWAFX vs FGIAX | |
| Vanguard Global Minimum Volatility Fund Admiral Sh... | 0.36 | 0.50 | 0.63 | 81 | Global Equities, Low Volatility | FWAFX vs VMNVX | |
| Vanguard Global Minimum Volatility Fund Investor S... | 0.36 | 0.50 | 0.63 | 80 | Global Equities, Low Volatility | FWAFX vs VMVFX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FWAFX
Add FWAFX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FWAFX