Looking to diversify beyond WARAX? The mutual funds below have historically moved differently from WARAX, 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 WARAX
9 mutual funds have low correlation with WARAX (below 0.3), 0 of which are negatively correlated. The least correlated is AQR Style Premia Alternative Fund - Class I (QSPIX) (Multistrategy) with a 1Y correlation of 0.03, roughly unchanged from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Style Premia Alternative Fund - Class I | 0.03 | -0.02 | 0.10 | 90 | Multistrategy | WARAX vs QSPIX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | 0.06 | 0.02 | 0.01 | 100 | Multistrategy | WARAX vs SRRIX | |
| Allspring Ultra Short-Term Income Fund | 0.07 | 0.16 | 0.16 | 99 | Ultrashort Bond | WARAX vs SADIX | |
| Allspring Short-Term Bond Plus Fund | 0.10 | 0.27 | 0.22 | 84 | Short-Term Bond | WARAX vs SSHIX | |
| Nuveen Real Asset Income Fund | 0.17 | 0.49 | 0.54 | 85 | Global Allocation | WARAX vs NRIIX |
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