Looking to diversify beyond WBALX? The mutual funds below have historically moved differently from WBALX, 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 WBALX
12 mutual funds have low correlation with WBALX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.10, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.10 | 0.03 | 0.12 | 83 | Diversified Portfolio | WBALX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.05 | 0.13 | 0.45 | 68 | Diversified Portfolio | WBALX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.17 | 0.40 | 0.49 | 91 | Diversified Portfolio | WBALX vs FIQDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.17 | 0.40 | 0.49 | 88 | Diversified Portfolio | WBALX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.18 | 0.41 | 0.50 | 91 | Diversified Portfolio | WBALX vs FSIRX |
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