Looking to diversify beyond FWOZX? The mutual funds below have historically moved differently from FWOZX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FWOZX
0 mutual funds have low correlation with FWOZX (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 0.34, up from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Strategic Volatility Premium Fund | 0.34 | 0.17 | 0.14 | 97 | Large Cap Blend Equities | FWOZX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.52 | 0.37 | 0.42 | 59 | Preferred Stock | FWOZX vs ORDNX | |
| Rock Oak Core Growth Fund | 0.58 | 0.75 | 0.83 | 89 | Large Cap Blend Equities | FWOZX vs RCKSX | |
| Fidelity SAI U.S. Low Volatility Index Fund | 0.60 | 0.74 | 0.81 | 61 | Low Volatility | FWOZX vs FSUVX | |
| Glenmede Responsible ESG U.S. Equity Portfolio | 0.72 | 0.85 | 0.90 | 87 | Large Cap Blend Equities | FWOZX vs RESGX |
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