Looking to diversify beyond MWESX? The mutual funds below have historically moved differently from MWESX, 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 MWESX
0 mutual funds have low correlation with MWESX (below 0.3), 0 of which are negatively correlated. The least correlated is Metropolitan West Ultra Short Bond Fund (MWUSX) (Ultrashort Bond) with a 1Y correlation of 0.50, down from 0.61 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Metropolitan West Ultra Short Bond Fund | 0.50 | 0.61 | — | 93 | Ultrashort Bond | MWESX vs MWUSX | |
| GMO Multi-Sector Fixed Income Fund | 0.53 | 0.82 | — | 90 | Intermediate Core-Plus Bond | MWESX vs GUGAX | |
| Metropolitan West High Yield Bond Fund | 0.53 | 0.63 | — | 50 | High Yield Bonds | MWESX vs MWHYX | |
| Holbrook Income Fund Class I | 0.55 | 0.42 | — | 99 | Intermediate Core-Plus Bond | MWESX vs HOBIX | |
| Leader Capital High Quality Income Fund Institutio... | 0.56 | 0.28 | 0.19 | 92 | Intermediate Core-Plus Bond | MWESX vs LCTIX |
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