Looking to diversify beyond WAIIX? The mutual funds below have historically moved differently from WAIIX, 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 WAIIX
2 mutual funds have low correlation with WAIIX (below 0.3), 0 of which are negatively correlated. The least correlated is SEI Multi-Asset Real Return Fund Class A (SEIAX) (Inflation-Protected Bonds) with a 1Y correlation of 0.03, down from 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Multi-Asset Real Return Fund Class A | 0.03 | 0.24 | 0.30 | 86 | Inflation-Protected Bonds | WAIIX vs SEIAX | |
| Allspring Real Return Fund | 0.28 | 0.46 | 0.64 | 66 | Inflation-Protected Bonds | WAIIX vs IPBAX | |
| Templeton Institutional Fund International Equity ... | 0.38 | 0.26 | 0.22 | 63 | Foreign Large Cap Equities | WAIIX vs TFEQX | |
| Franklin Income Fund Class A1 | 0.39 | 0.47 | 0.40 | 87 | Diversified Portfolio | WAIIX vs FKINX | |
| Franklin Income Fund Advisor Class | 0.40 | 0.49 | 0.39 | 93 | Diversified Portfolio | WAIIX vs FRIAX |
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