Looking to diversify beyond WCFRX? The mutual funds below have historically moved differently from WCFRX, 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 WCFRX
14 mutual funds have low correlation with WCFRX (below 0.3), 0 of which are negatively correlated. The least correlated is Camelot Event Driven Fund Class A (EVDAX) (Event Driven) with a 1Y correlation of 0.05, down from 0.35 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Camelot Event Driven Fund Class A | 0.05 | 0.20 | 0.35 | 52 | Event Driven | WCFRX vs EVDAX | |
| Camelot Event-Driven Fund Institutional Class | 0.05 | 0.21 | 0.35 | 54 | Event Driven | WCFRX vs EVDIX | |
| NexPoint Merger Arbitrage Fund | 0.06 | 0.18 | 0.22 | 99 | Event Driven | WCFRX vs HMEZX | |
| The Merger Fund Class I | 0.10 | 0.16 | 0.25 | 97 | Event Driven | WCFRX vs MERIX | |
| The Merger Fund | 0.11 | 0.15 | 0.25 | 96 | Event Driven | WCFRX vs MERFX |
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