Looking to diversify beyond WCEIX? The mutual funds below have the lowest correlation with WCEIX — 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 WCEIX.
Best Diversifiers for WCEIX
1 mutual funds have low correlation with WCEIX (below 0.3), 0 of which are negatively correlated. The least correlated is Vivaldi Merger Arbitrage Fund Class I (VARBX) (Event Driven) with a 1Y correlation of 0.27, roughly unchanged from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vivaldi Merger Arbitrage Fund Class I | 0.27 | 0.24 | 0.33 | 98 | Event Driven | WCEIX vs VARBX | |
| Dunham Monthly Distribution Fund | 0.45 | 0.54 | 0.60 | 96 | Event Driven | WCEIX vs DAMDX | |
| The Arbitrage Fund | 0.45 | 0.62 | 0.72 | 97 | Event Driven | WCEIX vs ARBFX | |
| Gabelli ABC Fund | 0.49 | 0.50 | 0.59 | 53 | Event Driven | WCEIX vs GABCX | |
| Gabelli Enterprise Mergers and Acquisitions Fund | 0.51 | 0.55 | 0.65 | 82 | Event Driven | WCEIX vs EMAYX |
See all 9 diversifiers for WCEIX
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