Looking to diversify beyond WAVLX? The mutual funds below have the lowest correlation with WAVLX — 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 WAVLX.
Best Diversifiers for WAVLX
8 mutual funds have low correlation with WAVLX (below 0.3), 2 of which are negatively correlated. The least correlated is Artisan Global Unconstrained Fund (APFPX) (Nontraditional Bonds) with a 1Y correlation of -0.15, up from -0.30 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Artisan Global Unconstrained Fund | -0.15 | -0.30 | — | 99 | Nontraditional Bonds | WAVLX vs APFPX | |
| T. Rowe Price Dynamic Credit Fund | -0.00 | -0.00 | -0.03 | 76 | Nontraditional Bonds | WAVLX vs RPIDX | |
| PGIM Securitized Credit Fund | 0.03 | -0.05 | -0.01 | 99 | Nontraditional Bonds | WAVLX vs SCFZX | |
| Putnam Mortgage Opportunities Fund | 0.07 | 0.06 | 0.09 | 64 | Nontraditional Bonds | WAVLX vs PMOTX | |
| Victory Pioneer Cat Bond Fund Class Y | 0.09 | — | — | 100 | Nontraditional Bonds | WAVLX vs CBYYX |
See all 42 diversifiers for WAVLX
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