Looking to diversify beyond FWAFX? The mutual funds below have the lowest correlation with FWAFX — 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 FWAFX.
Best Diversifiers for FWAFX
1 mutual funds have low correlation with FWAFX (below 0.3), 0 of which are negatively correlated. The least correlated is Cohen & Steers Global Infrastructure Fund Class A (CSUAX) (Global Equities) with a 1Y correlation of 0.22, down from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cohen & Steers Global Infrastructure Fund Class A | 0.22 | 0.30 | 0.48 | 52 | Global Equities | FWAFX vs CSUAX | |
| Russell Investment Tax-Managed Real Assets Fund | 0.44 | 0.52 | 0.65 | 80 | Global Equities | FWAFX vs RTXAX | |
| Wasatch Global Value Fund Investor Class Shares | 0.46 | 0.42 | 0.58 | 86 | Global Equities | FWAFX vs FMIEX | |
| Polaris Global Value Fund | 0.47 | 0.57 | 0.68 | 93 | Global Equities | FWAFX vs PGVFX | |
| SEI Institutional Investments Trust Global Managed... | 0.49 | 0.53 | 0.65 | 62 | Global Equities | FWAFX vs SGMAX |
See all 39 diversifiers for FWAFX
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