Looking to diversify beyond WAARX? The mutual funds below have historically moved differently from WAARX, 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 WAARX
7 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 -0.15, up from -0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Artisan Global Unconstrained Fund | -0.15 | -0.26 | -0.26 | 99 | Nontraditional Bonds | WAARX vs APFPX | |
| Victory Pioneer Cat Bond Fund Class Y | 0.04 | 0.01 | 0.01 | 100 | Nontraditional Bonds | WAARX vs CBYYX | |
| PGIM Securitized Credit Fund | 0.12 | -0.00 | 0.05 | 100 | Nontraditional Bonds | WAARX vs SCFZX | |
| Eaton Vance Global Macro Absolute Return Fund | 0.14 | 0.23 | 0.12 | 99 | Nontraditional Bonds | WAARX vs EIGMX | |
| Putnam Mortgage Opportunities Fund | 0.14 | 0.05 | 0.07 | 88 | Nontraditional Bonds | WAARX vs PMOTX |
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