Looking to diversify beyond FWOAX? The mutual funds below have the lowest correlation with FWOAX — 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 FWOAX.
Best Diversifiers for FWOAX
1 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 0.28, up from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Strategic Volatility Premium Fund | 0.28 | 0.14 | 0.13 | 73 | Large Cap Blend Equities | FWOAX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.50 | 0.36 | 0.43 | 72 | Large Cap Blend Equities | FWOAX vs ORDNX | |
| Rock Oak Core Growth Fund | 0.65 | 0.77 | 0.84 | 56 | Large Cap Blend Equities | FWOAX vs RCKSX | |
| Glenmede Responsible ESG U.S. Equity Portfolio | 0.73 | 0.86 | 0.91 | 91 | Large Cap Blend Equities | FWOAX vs RESGX | |
| Fidelity Select Semiconductors Portfolio | 0.76 | 0.74 | 0.78 | 97 | Semiconductors, Technology Equities | FWOAX vs FSELX |
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