Looking to diversify beyond FWATX? The mutual funds below have the lowest correlation with FWATX — 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 FWATX.
Best Diversifiers for FWATX
3 mutual funds have low correlation with FWATX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.10, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.10 | 0.07 | 0.18 | 73 | Diversified Portfolio | FWATX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.02 | 0.17 | 0.46 | 64 | Diversified Portfolio | FWATX vs MHELX | |
| Federated Hermes Capital Income Fund | 0.29 | 0.56 | 0.71 | 85 | Diversified Portfolio | FWATX vs CAPAX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.36 | 0.58 | 0.64 | 96 | Diversified Portfolio | FWATX vs FSIRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.38 | 0.57 | 0.64 | 96 | Diversified Portfolio | FWATX vs FIQDX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FWATX
Add FWATX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FWATX