Looking to diversify beyond WBEIX? The mutual funds below have historically moved differently from WBEIX, 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 WBEIX
2 mutual funds have low correlation with WBEIX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs GQG Partners International Opportunities Fund Class R6 (GSIYX) (Foreign Large Cap Equities) with a 1Y correlation of 0.06, down from 0.48 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs GQG Partners International Opportuni... | 0.06 | 0.38 | 0.48 | 56 | Foreign Large Cap Equities, Emerging Markets Equities | WBEIX vs GSIYX | |
| The Cook & Bynum Fund | 0.10 | 0.25 | 0.32 | 66 | Emerging Markets Equities | WBEIX vs COBYX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.41 | 0.61 | 0.68 | 92 | Emerging Markets Equities | WBEIX vs ESCIX | |
| Fidelity SAI Emerging Markets Low Volatility Index... | 0.66 | 0.69 | 0.73 | 53 | Emerging Markets Equities, Low Volatility | WBEIX vs FGKPX | |
| Schwab Fundamental Emerging Markets Equity Index F... | 0.66 | 0.70 | 0.71 | 76 | Emerging Markets Equities | WBEIX vs SFENX |
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