Looking to diversify beyond FWOCX? The mutual funds below have the lowest correlation with FWOCX — 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 FWOCX.
Best Diversifiers for FWOCX
1 mutual funds have low correlation with FWOCX (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 0.12 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 | 0.12 | 73 | Large Cap Blend Equities | FWOCX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.49 | 0.36 | 0.43 | 72 | Large Cap Blend Equities | FWOCX vs ORDNX | |
| Rock Oak Core Growth Fund | 0.65 | 0.77 | 0.84 | 56 | Large Cap Blend Equities | FWOCX vs RCKSX | |
| Glenmede Responsible ESG U.S. Equity Portfolio | 0.72 | 0.86 | 0.91 | 91 | Large Cap Blend Equities | FWOCX vs RESGX | |
| Fidelity Select Semiconductors Portfolio | 0.75 | 0.74 | 0.78 | 97 | Semiconductors, Technology Equities | FWOCX vs FSELX |
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