Looking to diversify beyond FWOEX? The mutual funds below have the lowest correlation with FWOEX — 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 FWOEX.
Best Diversifiers for FWOEX
1 mutual funds have low correlation with FWOEX (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 0.29, 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 | 0.29 | 0.16 | 0.13 | 72 | Large Cap Blend Equities | FWOEX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.51 | 0.36 | 0.43 | 69 | Large Cap Blend Equities | FWOEX vs ORDNX | |
| Rock Oak Core Growth Fund | 0.63 | 0.76 | 0.84 | 62 | Large Cap Blend Equities | FWOEX vs RCKSX | |
| Glenmede Responsible ESG U.S. Equity Portfolio | 0.71 | 0.86 | 0.91 | 88 | Large Cap Blend Equities | FWOEX vs RESGX | |
| Fidelity Select Semiconductors Portfolio | 0.76 | 0.75 | 0.78 | 96 | Semiconductors, Technology Equities | FWOEX vs FSELX |
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