Looking to diversify beyond FWIFX? The mutual funds below have historically moved differently from FWIFX, 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 FWIFX
4 mutual funds have low correlation with FWIFX (below 0.3), 0 of which are negatively correlated. The least correlated is GQG Partners Global Quality Dividend Income Fund (GQFPX) (Quality Factor) with a 1Y correlation of 0.02, down from 0.54 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners Global Quality Dividend Income Fund | 0.02 | 0.38 | 0.54 | 70 | Quality Factor, Global Equities | FWIFX vs GQFPX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.16 | 0.28 | 0.46 | 79 | Infrastructure Equities, Global Equities | FWIFX vs CSUAX | |
| SEI Institutional Managed Trust Global Managed Vol... | 0.22 | 0.45 | 0.61 | 53 | Global Equities, Low Volatility | FWIFX vs SVTAX | |
| Nuveen Global Infrastructure Fund Class A | 0.23 | 0.36 | 0.54 | 66 | Infrastructure Equities, Global Equities | FWIFX vs FGIAX | |
| Vanguard Global Minimum Volatility Fund Admiral Sh... | 0.36 | 0.50 | 0.63 | 81 | Global Equities, Low Volatility | FWIFX vs VMNVX |
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