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Wasatch Ultra Growth Fund (WAMCX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 4, 2026

The investment seeks long-term growth of capital; income is a secondary consideration. The fund invests primarily in smaller high growth companies. It will invest the fund's assets in the equity securities of companies which the managers consider to be rapidly growing. The fund may invest up to 30% of its total assets at the time of purchase in securities issued by foreign companies in developed markets, emerging markets, or frontier markets. It may invest a large percentage of its assets in a few sectors, including consumer discretionary, financials, health care, industrials, and information technology.

Looking to diversify beyond WAMCX? The mutual funds below have the lowest correlation with WAMCX — 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 WAMCX.

Best Diversifiers for WAMCX

0 mutual funds have low correlation with WAMCX (below 0.3), 0 of which are negatively correlated. The least correlated is Wasatch Emerging Markets Small Cap Fund (WAEMX) (Emerging Markets Diversified) with a 1Y correlation of 0.47, roughly unchanged from 0.55 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
WAEMX
Wasatch Emerging Markets Small Cap Fund0.470.510.55
61
Emerging Markets DiversifiedWAMCX vs WAEMX
FMIEX
Wasatch Global Value Fund Investor Class Shares0.520.500.54
89
Global EquitiesWAMCX vs FMIEX
FELAX
Fidelity Advisor Semiconductors Fund Class A0.570.620.70
97
Technology EquitiesWAMCX vs FELAX
FOCPX
Fidelity OTC Portfolio0.620.650.76
93
Large Cap Growth EquitiesWAMCX vs FOCPX
OBMCX
Oberweis Micro Cap Fund0.730.830.85
90
Small Cap Growth EquitiesWAMCX vs OBMCX
See all 17 diversifiers for WAMCX

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