Looking to diversify beyond WAEMX? The mutual funds below have historically moved differently from WAEMX, 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 WAEMX
3 mutual funds have low correlation with WAEMX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs GQG Partners International Opportunities Fund Class R6 (GSIYX) (Foreign Large Cap Equities) with a 1Y correlation of 0.17, down from 0.51 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs GQG Partners International Opportuni... | 0.17 | 0.42 | 0.51 | 51 | Foreign Large Cap Equities, Emerging Markets Equities | WAEMX vs GSIYX | |
| The Cook & Bynum Fund | 0.24 | 0.32 | 0.38 | 70 | Emerging Markets Equities | WAEMX vs COBYX | |
| Wasatch Global Value Fund Investor Class Shares | 0.28 | 0.34 | 0.44 | 97 | Global Equities | WAEMX vs FMIEX | |
| Pzena Emerging Markets Value Fund | 0.39 | 0.38 | 0.48 | 65 | Emerging Markets Equities | WAEMX vs PZVEX | |
| Calamos Market Neutral Income Fund Institutional C... | 0.40 | 0.38 | 0.50 | 98 | WAEMX vs CMNIX |
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