Looking to diversify beyond WATFX? The mutual funds below have historically moved differently from WATFX, 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 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 0.38, roughly unchanged from 0.47 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Institutional High Yield Bond Fun... | 0.38 | 0.45 | 0.47 | 64 | High Yield Bonds | WATFX vs FIHBX | |
| Templeton Institutional Fund International Equity ... | 0.39 | 0.29 | 0.24 | 63 | Foreign Large Cap Equities | WATFX vs TFEQX | |
| Franklin Income Fund Class A1 | 0.40 | 0.49 | 0.43 | 87 | Diversified Portfolio | WATFX vs FKINX | |
| Franklin Income Fund Advisor Class | 0.43 | 0.52 | 0.42 | 93 | Diversified Portfolio | WATFX vs FRIAX | |
| Vanguard California Intermediate-Term Tax-Exempt F... | 0.66 | 0.66 | 0.58 | 65 | Municipal Bonds, Intermediate Core Bond, Investment Grade Bonds, Actively Managed | WATFX vs VCAIX |
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