Looking to diversify beyond FWOAX? The mutual funds below have historically moved differently from FWOAX, 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 FWOAX
0 mutual funds have low correlation with FWOAX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs Strategic Volatility Premium Fund (SVPFX) (Large Cap Blend Equities) with a 1Y correlation of 0.35, up from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Strategic Volatility Premium Fund | 0.35 | 0.16 | 0.14 | 97 | Large Cap Blend Equities | FWOAX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.52 | 0.37 | 0.42 | 59 | Preferred Stock | FWOAX vs ORDNX | |
| Rock Oak Core Growth Fund | 0.58 | 0.75 | 0.83 | 89 | Large Cap Blend Equities | FWOAX vs RCKSX | |
| Fidelity SAI U.S. Low Volatility Index Fund | 0.60 | 0.74 | 0.81 | 61 | Low Volatility | FWOAX vs FSUVX | |
| SGI U.S. Large Equity Fund | 0.69 | 0.76 | 0.82 | 82 | Large Cap Blend Equities | FWOAX vs SILVX |
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