Looking to diversify beyond MWESX? The mutual funds below have the lowest correlation with MWESX — 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 MWESX.
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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Metropolitan West Ultra Short Bond Fund | 0.50 | 0.61 | — | 90 | Ultrashort Bond | MWESX vs MWUSX | |
| Leader Capital High Quality Income Fund Institutio... | 0.51 | 0.27 | — | 96 | Intermediate Core-Plus Bond | MWESX vs LCTIX | |
| Metropolitan West High Yield Bond Fund | 0.52 | 0.63 | — | 57 | High Yield Bonds | MWESX vs MWHYX | |
| Leader Capital High Quality Floating Rate Fund Inv... | 0.52 | 0.29 | — | 95 | Intermediate Core-Plus Bond | MWESX vs LCTRX | |
| Holbrook Income Fund Class I | 0.52 | 0.42 | — | 99 | Intermediate Core-Plus Bond | MWESX vs HOBIX |
See all 14 diversifiers for MWESX
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