Looking to diversify beyond WAINX? The mutual funds below have the lowest correlation with WAINX — 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 WAINX.
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 0.19, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Wasatch Global Value Fund Investor Class Shares | 0.19 | 0.20 | 0.32 | 86 | Global Equities | WAINX vs FMIEX | |
| Guinness Atkinson Asia Focus Fund | 0.23 | 0.23 | 0.32 | 63 | Asia Pacific Equities | WAINX vs IASMX | |
| Fidelity Blue Chip Growth Fund | 0.26 | 0.27 | 0.34 | 68 | Large Cap Growth Equities | WAINX vs FBGRX | |
| Fidelity Pacific Basin Fund | 0.28 | 0.30 | 0.38 | 89 | Asia Pacific Equities | WAINX vs FPBFX | |
| Vanguard Pacific Stock Index Fund Admiral Shares | 0.30 | 0.33 | 0.39 | 87 | Asia Pacific Equities | WAINX vs VPADX |
See all 20 diversifiers for WAINX
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