Looking to diversify beyond WCEIX? The mutual funds below have historically moved differently from WCEIX, 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 WCEIX
3 mutual funds have low correlation with WCEIX (below 0.3), 0 of which are negatively correlated. The least correlated is Virtus Seix Floating Rate High Income Fund (SAMBX) (Bank Loan) with a 1Y correlation of 0.19, roughly unchanged from 0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus Seix Floating Rate High Income Fund | 0.19 | 0.24 | 0.28 | 98 | Bank Loan | WCEIX vs SAMBX | |
| Camelot Event Driven Fund Class A | 0.27 | 0.31 | 0.47 | 52 | Event Driven | WCEIX vs EVDAX | |
| Camelot Event-Driven Fund Institutional Class | 0.28 | 0.31 | 0.48 | 54 | Event Driven | WCEIX vs EVDIX | |
| Vivaldi Merger Arbitrage Fund Class I | 0.31 | 0.25 | 0.32 | 99 | Event Driven | WCEIX vs VARBX | |
| Virtus Duff & Phelps Real Estate Securities Fund | 0.38 | 0.41 | 0.48 | 68 | REIT | WCEIX vs PHRAX |
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