Looking to diversify beyond FWOZX? The mutual funds below have the lowest correlation with FWOZX — 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 FWOZX.
Best Diversifiers for FWOZX
1 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 0.29, 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 | FWOZX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.52 | 0.37 | 0.43 | 69 | Large Cap Blend Equities | FWOZX vs ORDNX | |
| Rock Oak Core Growth Fund | 0.62 | 0.76 | 0.84 | 62 | Large Cap Blend Equities | FWOZX vs RCKSX | |
| Glenmede Responsible ESG U.S. Equity Portfolio | 0.73 | 0.86 | 0.91 | 88 | Large Cap Blend Equities | FWOZX vs RESGX | |
| Fidelity Select Semiconductors Portfolio | 0.76 | 0.74 | 0.78 | 96 | Semiconductors, Technology Equities | FWOZX vs FSELX |
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