Looking to diversify beyond WCCFX? The mutual funds below have historically moved differently from WCCFX, 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 WCCFX
3 mutual funds have low correlation with WCCFX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.09, down from 0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.09 | 0.14 | 0.28 | 66 | Diversified Portfolio | WCCFX vs MHELX | |
| Allspring Alternative Risk Premia Fund | 0.19 | 0.07 | -0.06 | 96 | Multistrategy | WCCFX vs WRPIX | |
| Allspring Ultra Short-Term Income Fund | 0.25 | 0.33 | 0.40 | 99 | Ultrashort Bond | WCCFX vs SADIX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.34 | 0.35 | 0.43 | 99 | Diversified Portfolio | WCCFX vs STDAX | |
| ICON Equity Income Fund | 0.36 | 0.42 | 0.41 | 94 | Diversified Portfolio | WCCFX vs IOEZX |
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