Looking to diversify beyond MFWTX? The mutual funds below have historically moved differently from MFWTX, 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 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 0.19, up from -0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| LoCorr Macro Strategies Fund Class I | 0.19 | -0.00 | -0.13 | 83 | Global Allocation | MFWTX vs LFMIX | |
| MH Elite Select Portfolio of Funds Fund | 0.35 | 0.39 | 0.62 | 75 | Global Allocation | MFWTX vs MHESX | |
| Allspring Absolute Return Fund | 0.38 | 0.61 | 0.63 | 86 | Global Allocation | MFWTX vs WARAX | |
| Wilmington Real Asset Fund | 0.45 | 0.61 | 0.64 | 92 | Global Allocation | MFWTX vs WMRIX | |
| Nuveen Multi-Asset Income Fund | 0.49 | 0.58 | — | 77 | Global Allocation | MFWTX vs NMAI |
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