Looking to diversify beyond FWMNX? The mutual funds below have the lowest correlation with FWMNX — 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 FWMNX.
Best Diversifiers for FWMNX
1 mutual funds have low correlation with FWMNX (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 0.26, 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 | 0.26 | 0.15 | 0.13 | 73 | Large Cap Blend Equities | FWMNX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.49 | 0.36 | 0.43 | 72 | Large Cap Blend Equities | FWMNX vs ORDNX | |
| First Eagle Overseas Fund Class I | 0.63 | 0.64 | 0.69 | 57 | Large Cap Blend Equities, Foreign Large Cap Equities | FWMNX vs SGOIX | |
| Rock Oak Core Growth Fund | 0.65 | 0.77 | 0.84 | 56 | Large Cap Blend Equities | FWMNX vs RCKSX | |
| Glenmede Responsible ESG U.S. Equity Portfolio | 0.73 | 0.86 | 0.91 | 91 | Large Cap Blend Equities | FWMNX vs RESGX |
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