Looking to diversify beyond WARAX? The mutual funds below have the lowest correlation with WARAX — 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 WARAX.
Best Diversifiers for WARAX
7 mutual funds have low correlation with WARAX (below 0.3), 0 of which are negatively correlated. The least correlated is Stone Ridge Reinsurance Risk Premium Interval Fund (SRRIX) (Multistrategy) with a 1Y correlation of 0.02, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Stone Ridge Reinsurance Risk Premium Interval Fund | 0.02 | 0.02 | 0.01 | 100 | Multistrategy | WARAX vs SRRIX | |
| Allspring Ultra Short-Term Income Fund | 0.06 | 0.17 | 0.16 | 98 | Ultrashort Bond | WARAX vs SADIX | |
| Allspring Short-Term Bond Plus Fund | 0.15 | 0.28 | 0.23 | 81 | Short-Term Bond | WARAX vs SSHIX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.23 | 0.13 | 0.09 | 95 | Long-Short | WARAX vs BDMIX | |
| Nuveen Multi-Asset Income Fund | 0.25 | 0.43 | — | 50 | Global Allocation | WARAX vs NMAI |
See all 63 diversifiers for WARAX
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