Looking to diversify beyond WAFMX? The mutual funds below have historically moved differently from WAFMX, 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 WAFMX
1 mutual funds have low correlation with WAFMX (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 0.19, down from 0.55 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... | 0.19 | 0.45 | 0.55 | 56 | Foreign Large Cap Equities, Emerging Markets Equities | WAFMX vs GSIYX | |
| The Cook & Bynum Fund | 0.31 | 0.38 | 0.46 | 66 | Emerging Markets Equities | WAFMX vs COBYX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.37 | 0.54 | 0.61 | 92 | Emerging Markets Equities | WAFMX vs ESCIX | |
| Wasatch Global Value Fund Investor Class Shares | 0.38 | 0.39 | 0.49 | 97 | Global Equities | WAFMX vs FMIEX | |
| UBS Emerging Markets Equity Opportunity Fund | 0.47 | 0.48 | 0.55 | 77 | Emerging Markets Equities | WAFMX vs EMPTX |
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