Looking to diversify beyond MFWTX? The mutual funds below have the lowest correlation with MFWTX — 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 MFWTX.
Best Diversifiers for MFWTX
1 mutual funds have low correlation with MFWTX (below 0.3), 0 of which are negatively correlated. The least correlated is LoCorr Macro Strategies Fund Class I (LFMIX) (Global Allocation) with a 1Y correlation of 0.22, up from -0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| LoCorr Macro Strategies Fund Class I | 0.22 | -0.01 | -0.11 | 87 | Global Allocation | MFWTX vs LFMIX | |
| MH Elite Select Portfolio of Funds Fund | 0.44 | 0.42 | 0.63 | 67 | Global Allocation | MFWTX vs MHESX | |
| Allspring Absolute Return Fund | 0.45 | 0.64 | 0.64 | 87 | Global Allocation | MFWTX vs WARAX | |
| Calamos Global Dynamic Income Fund | 0.50 | 0.57 | 0.64 | 60 | Global Allocation | MFWTX vs CHW | |
| Hartford Real Asset Fund | 0.57 | 0.70 | 0.74 | 88 | Global Allocation | MFWTX vs HRLYX |
See all 20 diversifiers for MFWTX
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