Looking to diversify beyond WALSX? The mutual funds below have historically moved differently from WALSX, 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 WALSX
7 mutual funds have low correlation with WALSX (below 0.3), 1 of which are negatively correlated. The least correlated is Vanguard Market Neutral Fund Institutional Shares (VMNIX) (Long-Short) with a 1Y correlation of -0.01, roughly unchanged from -0.01 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Market Neutral Fund Institutional Shares | -0.01 | -0.01 | — | 97 | Long-Short | WALSX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | 0.01 | -0.01 | — | 97 | Long-Short | WALSX vs VMNFX | |
| AQR Long-Short Equity Fund Class N | 0.15 | 0.23 | — | 74 | Long-Short, Actively Managed | WALSX vs QLENX | |
| AQR Long-Short Equity Fund | 0.15 | 0.24 | — | 77 | Long-Short | WALSX vs QLEIX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.17 | 0.14 | — | 98 | Equity Market Neutral | WALSX vs BDMIX |
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