Looking to diversify beyond MWIGX? The mutual funds below have historically moved differently from MWIGX, 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 MWIGX
0 mutual funds have low correlation with MWIGX (below 0.3), 0 of which are negatively correlated. The least correlated is GMO Multi-Sector Fixed Income Fund (GUGAX) (Intermediate Core-Plus Bond) with a 1Y correlation of 0.44, down from 0.82 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GMO Multi-Sector Fixed Income Fund | 0.44 | 0.79 | 0.82 | 89 | Intermediate Core-Plus Bond | MWIGX vs GUGAX | |
| Holbrook Income Fund Class I | 0.54 | 0.43 | 0.49 | 98 | Intermediate Core-Plus Bond | MWIGX vs HOBIX | |
| Leader Capital High Quality Floating Rate Fund Inv... | 0.54 | 0.31 | 0.21 | 81 | Intermediate Core-Plus Bond | MWIGX vs LCTRX | |
| Leader Capital High Quality Income Fund Institutio... | 0.55 | 0.30 | 0.20 | 86 | Intermediate Core-Plus Bond | MWIGX vs LCTIX | |
| Metropolitan West Ultra Short Bond Fund | 0.56 | 0.65 | 0.66 | 91 | Ultrashort Bond | MWIGX vs MWUSX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements MWIGX
Add MWIGX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MWIGX