Looking to diversify beyond WCMIX? The mutual funds below have historically moved differently from WCMIX, 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 WCMIX
5 mutual funds have low correlation with WCMIX (below 0.3), 0 of which are negatively correlated. The least correlated is Eaton Vance Global Macro Absolute Return Fund (EIGMX) (Nontraditional Bonds) with a 1Y correlation of 0.23, up from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eaton Vance Global Macro Absolute Return Fund | 0.23 | 0.20 | 0.09 | 99 | Nontraditional Bonds | WCMIX vs EIGMX | |
| Federated Hermes International Strategic Value Div... | 0.25 | 0.38 | 0.51 | 88 | Foreign Large Cap Equities | WCMIX vs IVFIX | |
| NexPoint Merger Arbitrage Fund | 0.27 | 0.34 | 0.32 | 99 | Event Driven | WCMIX vs HMEZX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.28 | 0.61 | 0.68 | 61 | Foreign Large Cap Equities | WCMIX vs GSINX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.29 | 0.61 | 0.68 | 61 | Foreign Large Cap Equities | WCMIX vs GSIMX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for WCMIX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.18, down from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.18 | 0.04 | 0.19 | 89 | Financial Services | |
| The Coca-Cola Company | -0.18 | 0.01 | 0.17 | 90 | Consumer Defensive | |
| Johnson & Johnson | -0.08 | 0.01 | 0.11 | 97 | Healthcare | |
| Bristol-Myers Squibb Company | 0.08 | 0.10 | 0.15 | 92 | Healthcare | |
| RTX Corporation | 0.27 | 0.25 | 0.32 | 82 | Industrials |
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