Looking to diversify beyond FWIFX? The mutual funds below have the lowest correlation with FWIFX — 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 FWIFX.
Best Diversifiers for FWIFX
2 mutual funds have low correlation with FWIFX (below 0.3), 0 of which are negatively correlated. The least correlated is Cohen & Steers Global Infrastructure Fund Class A (CSUAX) (Global Equities) with a 1Y correlation of 0.16, down from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cohen & Steers Global Infrastructure Fund Class A | 0.16 | 0.28 | 0.47 | 75 | Global Equities | FWIFX vs CSUAX | |
| Nuveen Global Infrastructure Fund Class A | 0.24 | 0.37 | 0.55 | 68 | Global Equities | FWIFX vs FGIAX | |
| Vanguard Global Minimum Volatility Fund Investor S... | 0.38 | 0.50 | 0.64 | 69 | Global Equities | FWIFX vs VMVFX | |
| Vanguard Global Minimum Volatility Fund Admiral Sh... | 0.38 | 0.51 | 0.64 | 69 | Global Equities | FWIFX vs VMNVX | |
| Wasatch Global Value Fund Investor Class Shares | 0.41 | 0.40 | 0.57 | 91 | Global Equities | FWIFX vs FMIEX |
See all 41 diversifiers for FWIFX
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Diversification Analysis
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