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
2 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 0.16, down from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cohen & Steers Global Infrastructure Fund Class A | 0.16 | 0.27 | 0.47 | 78 | Global Equities | FWAFX vs CSUAX | |
| Nuveen Global Infrastructure Fund Class A | 0.23 | 0.36 | 0.55 | 72 | Global Equities | FWAFX vs FGIAX | |
| Vanguard Global Minimum Volatility Fund Admiral Sh... | 0.38 | 0.50 | 0.64 | 72 | Global Equities | FWAFX vs VMNVX | |
| Vanguard Global Minimum Volatility Fund Investor S... | 0.38 | 0.50 | 0.64 | 71 | Global Equities | FWAFX vs VMVFX | |
| Wasatch Global Value Fund Investor Class Shares | 0.40 | 0.39 | 0.57 | 92 | Global Equities | FWAFX vs FMIEX |
See all 50 diversifiers for FWAFX
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