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 0.23, up from -0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| LoCorr Macro Strategies Fund Class I | 0.23 | -0.01 | -0.10 | 87 | Global Allocation | MFWTX vs LFMIX | |
| Wilmington Real Asset Fund | 0.45 | 0.63 | 0.66 | 83 | Global Allocation | MFWTX vs WMRIX | |
| Allspring Absolute Return Fund | 0.46 | 0.65 | 0.65 | 95 | Global Allocation | MFWTX vs WARAX | |
| MH Elite Select Portfolio of Funds Fund | 0.49 | 0.44 | 0.64 | 58 | Global Allocation | MFWTX vs MHESX | |
| Calamos Global Dynamic Income Fund | 0.50 | 0.57 | 0.63 | 66 | Global Allocation | MFWTX vs CHW |
See all 22 diversifiers for MFWTX
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