Looking to diversify beyond WAARX? The mutual funds below have the lowest correlation with WAARX — 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 WAARX.
Best Diversifiers for WAARX
8 mutual funds have low correlation with WAARX (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 -0.07, up from -0.29 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Artisan Global Unconstrained Fund | -0.07 | -0.29 | — | 99 | Nontraditional Bonds | WAARX vs APFPX | |
| Victory Pioneer Cat Bond Fund Class Y | 0.06 | 0.01 | 0.01 | 100 | Nontraditional Bonds | WAARX vs CBYYX | |
| PGIM Securitized Credit Fund | 0.09 | -0.03 | 0.05 | 99 | Nontraditional Bonds | WAARX vs SCFZX | |
| Eaton Vance Global Macro Absolute Return Fund | 0.12 | 0.23 | 0.12 | 99 | Nontraditional Bonds | WAARX vs EIGMX | |
| Dunham Long/Short Credit Fund | 0.20 | -0.04 | 0.00 | 93 | Nontraditional Bonds | WAARX vs DCAIX |
See all 16 diversifiers for WAARX
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