Looking to diversify beyond WATFX? The mutual funds below have the lowest correlation with WATFX — 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 WATFX.
Best Diversifiers for WATFX
0 mutual funds have low correlation with WATFX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Institutional High Yield Bond Fund (FIHBX) (High Yield Bonds) with a 1Y correlation of 0.32, down from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Institutional High Yield Bond Fun... | 0.32 | 0.46 | 0.46 | 65 | High Yield Bonds | WATFX vs FIHBX | |
| Franklin Income Fund Advisor Class | 0.43 | 0.52 | 0.41 | 89 | Diversified Portfolio | WATFX vs FRIAX | |
| Franklin Income Fund Class A1 | 0.43 | 0.50 | 0.41 | 84 | Diversified Portfolio | WATFX vs FKINX | |
| Hartford Schroders Tax-Aware Bond Fund | 0.65 | 0.72 | 0.68 | 53 | Intermediate Core Bond | WATFX vs STWTX | |
| Loomis Sayles Securitized Asset Fund | 0.77 | 0.88 | 0.89 | 64 | Intermediate Core Bond | WATFX vs LSSAX |
See all 6 diversifiers for WATFX
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