Looking to diversify beyond WAMCX? The mutual funds below have historically moved differently from WAMCX, 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 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 0.46, roughly unchanged from 0.54 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Wasatch Global Value Fund Investor Class Shares | 0.46 | 0.49 | 0.54 | 97 | Global Equities | WAMCX vs FMIEX | |
| Fidelity Advisor Semiconductors Fund Class A | 0.54 | 0.60 | 0.69 | 83 | Semiconductors, Technology Equities, Actively Managed | WAMCX vs FELAX | |
| Fidelity OTC Portfolio | 0.62 | 0.64 | 0.75 | 81 | Large Cap Growth Equities | WAMCX vs FOCPX | |
| Oberweis Micro-Cap Fund Investor Class | 0.70 | 0.81 | 0.84 | 81 | Small Cap Growth Equities | WAMCX vs OBMCX | |
| Needham Aggressive Growth Fund Retail Class | 0.71 | 0.77 | 0.80 | 62 | Small Cap Growth Equities | WAMCX vs NEAGX |
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