Looking to diversify beyond WATIX? The mutual funds below have historically moved differently from WATIX, 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 WATIX
0 mutual funds have low correlation with WATIX (below 0.3), 0 of which are negatively correlated. The least correlated is Templeton Institutional Fund International Equity Series (TFEQX) (Foreign Large Cap Equities) with a 1Y correlation of 0.37, up from 0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Templeton Institutional Fund International Equity ... | 0.37 | 0.27 | 0.23 | 63 | Foreign Large Cap Equities | WATIX vs TFEQX | |
| Franklin Income Fund Advisor Class | 0.41 | 0.48 | 0.40 | 93 | Diversified Portfolio | WATIX vs FRIAX | |
| Franklin Income Fund Class A1 | 0.42 | 0.45 | 0.41 | 87 | Diversified Portfolio | WATIX vs FKINX | |
| Vanguard California Intermediate-Term Tax-Exempt F... | 0.61 | 0.60 | 0.54 | 65 | Municipal Bonds, Intermediate Core Bond, Investment Grade Bonds, Actively Managed | WATIX vs VCAIX | |
| Hartford Schroders Tax-Aware Bond Fund | 0.62 | 0.64 | 0.63 | 64 | Intermediate Core Bond | WATIX vs STWTX |
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