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
0 mutual funds have low correlation with WCEIX (below 0.3), 0 of which are negatively correlated. The least correlated is Virtus Westchester Credit Event Fund (WCFRX) (Event Driven) with a 1Y correlation of 0.30, down from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus Westchester Credit Event Fund | 0.30 | 0.37 | 0.47 | 54 | Event Driven | WCEIX vs WCFRX | |
| Vivaldi Merger Arbitrage Fund Class I | 0.31 | 0.24 | 0.33 | 99 | Event Driven | WCEIX vs VARBX | |
| Dunham Monthly Distribution Fund | 0.42 | 0.53 | 0.60 | 96 | Event Driven | WCEIX vs DAMDX | |
| The Arbitrage Fund Class Institutional | 0.44 | 0.63 | 0.72 | 97 | Event Driven | WCEIX vs ARBNX | |
| The Arbitrage Fund | 0.45 | 0.61 | 0.71 | 97 | Event Driven | WCEIX vs ARBFX |
See all 12 diversifiers for WCEIX
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