Looking to diversify beyond WCFRX? The mutual funds below have the lowest correlation with WCFRX — 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 WCFRX.
Best Diversifiers for WCFRX
12 mutual funds have low correlation with WCFRX (below 0.3), 0 of which are negatively correlated. The least correlated is NexPoint Merger Arbitrage Fund (HMEZX) (Event Driven) with a 1Y correlation of 0.07, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| NexPoint Merger Arbitrage Fund | 0.07 | 0.17 | 0.22 | 99 | Event Driven | WCFRX vs HMEZX | |
| The Merger Fund Class I | 0.11 | 0.18 | 0.26 | 98 | Event Driven | WCFRX vs MERIX | |
| Virtus Stone Harbor Emerging Markets Income Fund | 0.13 | 0.24 | 0.31 | 63 | Emerging Markets Bonds | WCFRX vs EDF | |
| The Merger Fund | 0.15 | 0.16 | 0.26 | 97 | Event Driven | WCFRX vs MERFX | |
| Vivaldi Merger Arbitrage Fund Class I | 0.15 | 0.16 | 0.24 | 98 | Event Driven | WCFRX vs VARBX |
See all 17 diversifiers for WCFRX
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