Looking to diversify beyond WASCX? The mutual funds below have historically moved differently from WASCX, 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 WASCX
3 mutual funds have low correlation with WASCX (below 0.3), 0 of which are negatively correlated. The least correlated is LoCorr Macro Strategies Fund Class I (LFMIX) (Global Allocation) with a 1Y correlation of 0.21, up from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| LoCorr Macro Strategies Fund Class I | 0.21 | 0.12 | -0.02 | 79 | Global Allocation | WASCX vs LFMIX | |
| Wilmington Real Asset Fund | 0.25 | 0.46 | 0.55 | 90 | Global Allocation | WASCX vs WMRIX | |
| MH Elite Select Portfolio of Funds Fund | 0.27 | 0.36 | 0.62 | 68 | Global Allocation | WASCX vs MHESX | |
| Hartford Real Asset Fund | 0.34 | 0.49 | 0.61 | 97 | Global Allocation | WASCX vs HRLYX | |
| Cohen & Steers Real Assets Fund Inc | 0.39 | 0.52 | 0.60 | 65 | Global Allocation | WASCX vs RAPZX |
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