Looking to diversify beyond FWOMX? The mutual funds below have the lowest correlation with FWOMX — 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 FWOMX.
Best Diversifiers for FWOMX
1 mutual funds have low correlation with FWOMX (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 | 70 | Large Cap Blend Equities | FWOMX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.52 | 0.38 | 0.43 | 68 | Large Cap Blend Equities | FWOMX vs ORDNX | |
| Rock Oak Core Growth Fund | 0.63 | 0.77 | 0.84 | 63 | Large Cap Blend Equities | FWOMX vs RCKSX | |
| Fidelity Infrastructure Fund | 0.65 | 0.63 | 0.70 | 51 | Large Cap Blend Equities | FWOMX vs FNSTX | |
| First Eagle Overseas Fund Class I | 0.66 | 0.64 | 0.69 | 51 | Large Cap Blend Equities, Foreign Large Cap Equities | FWOMX vs SGOIX |
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