Looking to diversify beyond WCMIX? The mutual funds below have the lowest correlation with WCMIX — 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 WCMIX.
Best Diversifiers for WCMIX
1 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 0.16, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eaton Vance Global Macro Absolute Return Fund | 0.16 | 0.18 | 0.09 | 99 | Nontraditional Bonds | WCMIX vs EIGMX | |
| NexPoint Merger Arbitrage Fund | 0.30 | 0.36 | 0.33 | 99 | Event Driven | WCMIX vs HMEZX | |
| PIMCO RAE PLUS International Fund | 0.41 | 0.44 | 0.48 | 75 | Foreign Large Cap Equities | WCMIX vs PTSIX | |
| Calamos Market Neutral Income Fund Institutional C... | 0.41 | 0.48 | 0.66 | 98 | WCMIX vs CMNIX | ||
| SA International Value Fund | 0.47 | 0.49 | 0.56 | 88 | Foreign Large Cap Equities | WCMIX vs SAHMX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WCMIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WCMIX and solid risk/return profiles. The least correlated is Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.10, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.10 | 0.07 | 0.21 | 68 | Financial Services | |
| The Coca-Cola Company | -0.09 | 0.04 | 0.19 | 74 | Consumer Defensive | |
| Johnson & Johnson | -0.01 | 0.05 | 0.16 | 95 | Healthcare | |
| Bristol-Myers Squibb Company | 0.12 | 0.11 | 0.17 | 68 | Healthcare | |
| RTX Corporation | 0.32 | 0.25 | 0.33 | 70 | Industrials |
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