Looking to diversify beyond WAINX? The mutual funds below have historically moved differently from WAINX, 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 WAINX
5 mutual funds have low correlation with WAINX (below 0.3), 0 of which are negatively correlated. The least correlated is Wasatch Global Value Fund Investor Class Shares (FMIEX) (Global Equities) with a 1Y correlation of 0.15, down from 0.32 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Wasatch Global Value Fund Investor Class Shares | 0.15 | 0.20 | 0.32 | 97 | Global Equities | WAINX vs FMIEX | |
| Fidelity Pacific Basin Fund | 0.26 | 0.31 | 0.38 | 65 | Asia Pacific Equities | WAINX vs FPBFX | |
| Vanguard Pacific Stock Index Fund Admiral Shares | 0.28 | 0.35 | 0.39 | 73 | Asia Pacific Equities | WAINX vs VPADX | |
| Vanguard Pacific Stock Index Fund Institutional Sh... | 0.28 | 0.35 | 0.39 | 72 | Asia Pacific Equities | WAINX vs VPKIX | |
| Invesco EQV Asia Pacific Equity Fund | 0.30 | 0.34 | 0.38 | 66 | Asia Pacific Equities | WAINX vs ASIAX |
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