Looking to diversify beyond WAIIX? The mutual funds below have the lowest correlation with WAIIX — 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 WAIIX.
Best Diversifiers for WAIIX
0 mutual funds have low correlation with WAIIX (below 0.3), 0 of which are negatively correlated. The least correlated is Allspring Real Return Fund (IPBAX) (Inflation-Protected Bonds) with a 1Y correlation of 0.30, down from 0.65 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Allspring Real Return Fund | 0.30 | 0.49 | 0.65 | 88 | Inflation-Protected Bonds | WAIIX vs IPBAX | |
| Franklin Income Fund Advisor Class | 0.38 | 0.51 | 0.39 | 87 | Diversified Portfolio | WAIIX vs FRIAX | |
| Franklin Income Fund Class A1 | 0.40 | 0.48 | 0.39 | 82 | Diversified Portfolio | WAIIX vs FKINX | |
| Lord Abbett Inflation Focused Fund | 0.66 | 0.64 | 0.63 | 63 | Inflation-Protected Bonds | WAIIX vs LIFIX | |
| Fidelity Series 0-5 Year Inflation-Protected Bond ... | 0.67 | 0.74 | — | 80 | Inflation-Protected Bonds | WAIIX vs FSTZX |
See all 12 diversifiers for WAIIX
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