Looking to diversify beyond MWTIX? The mutual funds below have the lowest correlation with MWTIX — 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 MWTIX.
Best Diversifiers for MWTIX
7 mutual funds have low correlation with MWTIX (below 0.3), 0 of which are negatively correlated. The least correlated is T. Rowe Price Emerging Markets Stock Fund (PRMSX) (Emerging Markets Diversified) with a 1Y correlation of 0.11, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Emerging Markets Stock Fund | 0.11 | 0.13 | 0.10 | 91 | Emerging Markets Diversified | MWTIX vs PRMSX | |
| JPMorgan Strategic Income Opportunities Fund Class... | 0.13 | -0.26 | -0.28 | 99 | Total Bond Market | MWTIX vs JSOSX | |
| Fidelity Dividend Growth Fund Class K | 0.19 | 0.14 | 0.13 | 80 | Large Cap Value Equities | MWTIX vs FDGKX | |
| American Beacon Small Cap Value Fund | 0.22 | 0.19 | 0.12 | 61 | Small Cap Value Equities | MWTIX vs AVFIX | |
| Schwab S&P 500 Index Fund | 0.24 | 0.18 | 0.15 | 74 | Large Cap Blend Equities, S&P 500 | MWTIX vs SWPPX |
See all 22 diversifiers for MWTIX
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