Looking to diversify beyond WACPX? The mutual funds below have the lowest correlation with WACPX — 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 WACPX.
Best Diversifiers for WACPX
2 mutual funds have low correlation with WACPX (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 0.13, up from -0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Strategic Income Opportunities Fund Class... | 0.13 | -0.24 | -0.27 | 99 | Total Bond Market | WACPX vs JSOSX | |
| Fidelity 500 Index Fund | 0.30 | 0.24 | 0.23 | 73 | S&P 500 | WACPX vs FXAIX | |
| Fidelity Flex Conservative Income Bond Fund | 0.33 | 0.31 | 0.30 | 99 | Total Bond Market | WACPX vs FJTDX | |
| Fidelity Conservative Income Bond Institutional Cl... | 0.36 | 0.36 | 0.32 | 99 | Total Bond Market | WACPX vs FCNVX | |
| Vanguard Ultra-Short-Term Bond Fund Investor Share... | 0.37 | 0.48 | 0.50 | 100 | Total Bond Market | WACPX vs VUBFX |
See all 13 diversifiers for WACPX
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