Looking to diversify beyond WAGOX? The mutual funds below have historically moved differently from WAGOX, 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 WAGOX
2 mutual funds have low correlation with WAGOX (below 0.3), 0 of which are negatively correlated. The least correlated is GQG Partners Global Quality Dividend Income Fund (GQFPX) (Quality Factor) with a 1Y correlation of 0.08, down from 0.48 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners Global Quality Dividend Income Fund | 0.08 | 0.40 | 0.48 | 70 | Quality Factor, Global Equities | WAGOX vs GQFPX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.26 | 0.39 | 0.49 | 79 | Infrastructure Equities, Global Equities | WAGOX vs CSUAX | |
| Nuveen Global Infrastructure Fund Class A | 0.32 | 0.45 | 0.55 | 66 | Infrastructure Equities, Global Equities | WAGOX vs FGIAX | |
| Catalyst/Millburn Hedge Strategy Fund Class I | 0.38 | 0.34 | 0.36 | 90 | Multistrategy, Systematic Trend, Global Equities | WAGOX vs MBXIX | |
| Russell Investment Tax-Managed Real Assets Fund | 0.48 | 0.61 | 0.66 | 92 | Global Equities | WAGOX vs RTXAX |
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