Looking to diversify beyond FWBTX? The mutual funds below have historically moved differently from FWBTX, 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 FWBTX
1 mutual funds have low correlation with FWBTX (below 0.3), 1 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of -0.02, down from 0.42 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | -0.02 | 0.12 | 0.43 | 66 | Diversified Portfolio | FWBTX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.37 | 0.55 | 0.62 | 91 | Diversified Portfolio | FWBTX vs FIQDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.37 | 0.56 | 0.63 | 91 | Diversified Portfolio | FWBTX vs FSIRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.38 | 0.56 | 0.62 | 89 | Diversified Portfolio | FWBTX vs FCSRX | |
| Bruce Fund | 0.38 | 0.45 | 0.55 | 94 | Diversified Portfolio | FWBTX vs BRUFX |
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