Looking to diversify beyond MWTIX? The mutual funds below have historically moved differently from MWTIX, 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 MWTIX
4 mutual funds have low correlation with MWTIX (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Strategic Income Opportunities Fund Class I (JSOSX) (Total Bond Market) with a 1Y correlation of 0.17, up from -0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Strategic Income Opportunities Fund Class... | 0.17 | -0.21 | -0.27 | 99 | Total Bond Market | MWTIX vs JSOSX | |
| T. Rowe Price Emerging Markets Stock Fund | 0.20 | 0.13 | 0.12 | 72 | Emerging Markets Equities | MWTIX vs PRMSX | |
| Fidelity Dividend Growth Fund Class K | 0.27 | 0.16 | 0.15 | 69 | Large Cap Value Equities | MWTIX vs FDGKX | |
| American Beacon Small Cap Value Fund | 0.29 | 0.21 | 0.14 | 84 | Small Cap Value Equities | MWTIX vs AVFIX | |
| Fidelity Conservative Income Bond Institutional Cl... | 0.30 | 0.35 | 0.34 | 100 | Ultrashort Bond | MWTIX vs FCNVX |
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