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 Global Value Fund Investor Class Shares (FMIEX) (Global Equities) with a 1Y correlation of 0.47, roughly unchanged from 0.54 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Wasatch Global Value Fund Investor Class Shares | 0.47 | 0.49 | 0.54 | 91 | Global Equities | WAMCX vs FMIEX | |
| Fidelity Advisor Semiconductors Fund Class A | 0.55 | 0.61 | 0.70 | 92 | Semiconductors, Technology Equities, Actively Managed | WAMCX vs FELAX | |
| Fidelity OTC Portfolio | 0.61 | 0.65 | 0.76 | 88 | Large Cap Growth Equities | WAMCX vs FOCPX | |
| Oberweis Micro Cap Fund | 0.71 | 0.83 | 0.85 | 86 | Small Cap Growth Equities | WAMCX vs OBMCX | |
| Driehaus Micro Cap Growth Fund | 0.73 | 0.82 | 0.86 | 89 | Small Cap Growth Equities | WAMCX vs DMCRX |
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