Looking to diversify beyond WASCX? The mutual funds below have the lowest correlation with WASCX — 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 WASCX.
Best Diversifiers for WASCX
2 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 0.20, up from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| LoCorr Macro Strategies Fund Class I | 0.20 | 0.10 | -0.01 | 88 | Global Allocation | WASCX vs LFMIX | |
| Wilmington Real Asset Fund | 0.27 | 0.49 | 0.57 | 86 | Global Allocation | WASCX vs WMRIX | |
| Hartford Real Asset Fund | 0.38 | 0.53 | 0.64 | 97 | Global Allocation | WASCX vs HRLYX | |
| Allspring Absolute Return Fund | 0.46 | 0.62 | 0.59 | 95 | Global Allocation | WASCX vs WARAX | |
| MH Elite Select Portfolio of Funds Fund | 0.46 | 0.43 | 0.66 | 57 | Global Allocation | WASCX vs MHESX |
See all 21 diversifiers for WASCX
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