Looking to diversify beyond NAWGX? The mutual funds below have the lowest correlation with NAWGX — 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 NAWGX.
Best Diversifiers for NAWGX
2 mutual funds have low correlation with NAWGX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Floating Rate High Income Fund (FFRHX) (Bank Loan) with a 1Y correlation of 0.13, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Floating Rate High Income Fund | 0.13 | 0.25 | 0.30 | 92 | Bank Loan | NAWGX vs FFRHX | |
| T. Rowe Price Global Technology Fund I Class | 0.18 | 0.29 | 0.41 | 77 | Technology Equities, Global Equities | NAWGX vs PGTIX | |
| American Funds The New Economy Fund® Class F-2 | 0.32 | 0.45 | 0.59 | 81 | Global Equities | NAWGX vs NEFFX | |
| American Funds The New Economy Fund | 0.32 | 0.45 | 0.58 | 81 | Global Equities | NAWGX vs ANEFX | |
| Oberweis Global Opportunities Fund | 0.35 | 0.49 | 0.60 | 65 | Global Equities | NAWGX vs OBEGX |
See all 35 diversifiers for NAWGX
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