Looking to diversify beyond MWOFX? The mutual funds below have historically moved differently from MWOFX, 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 MWOFX
3 mutual funds have low correlation with MWOFX (below 0.3), 0 of which are negatively correlated. The least correlated is GQG Partners Global Quality Dividend Income Fund (GQFPX) (Quality Factor) with a 1Y correlation of 0.11, down from 0.57 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners Global Quality Dividend Income Fund | 0.11 | 0.47 | 0.57 | 70 | Quality Factor, Global Equities | MWOFX vs GQFPX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.25 | 0.42 | 0.56 | 79 | Infrastructure Equities, Global Equities | MWOFX vs CSUAX | |
| Nuveen Global Infrastructure Fund Class A | 0.29 | 0.46 | 0.61 | 66 | Infrastructure Equities, Global Equities | MWOFX vs FGIAX | |
| Russell Investment Tax-Managed Real Assets Fund | 0.41 | 0.60 | 0.68 | 92 | Global Equities | MWOFX vs RTXAX | |
| Fidelity Select Semiconductors Portfolio | 0.48 | 0.62 | 0.70 | 80 | Semiconductors, Technology Equities | MWOFX vs FSELX |
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