Looking to diversify beyond MWCIX? The mutual funds below have the lowest correlation with MWCIX — 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 MWCIX.
Best Diversifiers for MWCIX
7 mutual funds have low correlation with MWCIX (below 0.3), 1 of which are negatively correlated. The least correlated is Artisan Global Unconstrained Fund (APFPX) (Nontraditional Bonds) with a 1Y correlation of -0.13, up from -0.31 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Artisan Global Unconstrained Fund | -0.13 | -0.31 | — | 99 | Nontraditional Bonds | MWCIX vs APFPX | |
| Victory Pioneer Cat Bond Fund Class Y | 0.04 | 0.01 | 0.01 | 100 | Nontraditional Bonds | MWCIX vs CBYYX | |
| Eaton Vance Global Macro Absolute Return Fund | 0.07 | 0.16 | 0.04 | 99 | Nontraditional Bonds | MWCIX vs EIGMX | |
| Putnam Mortgage Opportunities Fund | 0.10 | 0.05 | 0.05 | 74 | Nontraditional Bonds | MWCIX vs PMOTX | |
| Dunham Long/Short Credit Fund | 0.14 | -0.03 | -0.01 | 93 | Nontraditional Bonds | MWCIX vs DCAIX |
See all 19 diversifiers for MWCIX
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