Looking to diversify beyond WAESX? The mutual funds below have historically moved differently from WAESX, 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 WAESX
0 mutual funds have low correlation with WAESX (below 0.3), 0 of which are negatively correlated. The least correlated is The Cook & Bynum Fund (COBYX) (Emerging Markets Equities) with a 1Y correlation of 0.30, down from 0.43 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| The Cook & Bynum Fund | 0.30 | 0.37 | 0.43 | 66 | Emerging Markets Equities | WAESX vs COBYX | |
| Wasatch Global Value Fund Investor Class Shares | 0.37 | 0.40 | 0.49 | 97 | Global Equities | WAESX vs FMIEX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.44 | 0.62 | 0.68 | 92 | Emerging Markets Equities | WAESX vs ESCIX | |
| UBS Emerging Markets Equity Opportunity Fund | 0.48 | 0.54 | 0.62 | 77 | Emerging Markets Equities | WAESX vs EMPTX | |
| Cullen Emerging Markets High Dividend Fund | 0.55 | 0.60 | 0.64 | 71 | Emerging Markets Equities | WAESX vs CEMFX |
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