Looking to diversify beyond FWWFX? The mutual funds below have historically moved differently from FWWFX, 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 FWWFX
4 mutual funds have low correlation with FWWFX (below 0.3), 1 of which are negatively correlated. The least correlated is GQG Partners US Quality Dividend Income Fund (GQHPX) (Quality Factor) with a 1Y correlation of -0.30, down from 0.43 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners US Quality Dividend Income Fund | -0.30 | 0.23 | 0.43 | 58 | Quality Factor, Large Cap Value Equities | FWWFX vs GQHPX | |
| GQG Partners Global Quality Dividend Income Fund | 0.02 | 0.37 | 0.53 | 68 | Quality Factor, Global Equities | FWWFX vs GQFPX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.16 | 0.28 | 0.46 | 74 | Infrastructure Equities, Global Equities | FWWFX vs CSUAX | |
| Nuveen Global Infrastructure Fund Class A | 0.25 | 0.37 | 0.54 | 58 | Infrastructure Equities, Global Equities | FWWFX vs FGIAX | |
| Vanguard Global Minimum Volatility Fund Admiral Sh... | 0.36 | 0.50 | 0.64 | 81 | Global Equities, Low Volatility | FWWFX vs VMNVX |
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