Looking to diversify beyond MWSTX? The mutual funds below have the lowest correlation with MWSTX — 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 MWSTX.
Best Diversifiers for MWSTX
9 mutual funds have low correlation with MWSTX (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 -0.08, up from -0.29 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Artisan Global Unconstrained Fund | -0.08 | -0.29 | — | 99 | Nontraditional Bonds | MWSTX vs APFPX | |
| Victory Pioneer Cat Bond Fund Class Y | 0.06 | — | — | 100 | Nontraditional Bonds | MWSTX vs CBYYX | |
| T. Rowe Price Dynamic Credit Fund | 0.09 | 0.04 | 0.05 | 78 | Nontraditional Bonds | MWSTX vs RPIDX | |
| Eaton Vance Global Macro Absolute Return Fund | 0.10 | 0.17 | 0.05 | 99 | Nontraditional Bonds | MWSTX vs EIGMX | |
| Putnam Mortgage Opportunities Fund | 0.16 | 0.06 | 0.07 | 79 | Nontraditional Bonds | MWSTX vs PMOTX |
See all 19 diversifiers for MWSTX
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