Looking to diversify beyond WALSX? The mutual funds below have the lowest correlation with WALSX — 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 WALSX.
Best Diversifiers for WALSX
9 mutual funds have low correlation with WALSX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Market Neutral Fund Institutional Shares (VMNIX) (Long-Short) with a 1Y correlation of 0.03, roughly unchanged from -0.00 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Market Neutral Fund Institutional Shares | 0.03 | -0.00 | — | 63 | Long-Short | WALSX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | 0.03 | 0.01 | -0.03 | 62 | Long-Short | WALSX vs VMNFX | |
| Guggenheim Alpha Opportunity Fund | 0.20 | 0.30 | — | 58 | Long-Short | WALSX vs SAOAX | |
| Wasatch Emerging Markets Small Cap Fund | 0.22 | 0.38 | — | 61 | Emerging Markets Diversified | WALSX vs WAEMX | |
| AQR Long-Short Equity N | 0.23 | 0.26 | — | 51 | Long-Short | WALSX vs QLENX |
See all 22 diversifiers for WALSX
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