Looking to diversify beyond WCMNX? The mutual funds below have historically moved differently from WCMNX, 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 WCMNX
0 mutual funds have low correlation with WCMNX (below 0.3), 0 of which are negatively correlated. The least correlated is WCM Focused International Value Fund (WLIVX) (Foreign Large Cap Equities) with a 1Y correlation of 0.74, roughly unchanged from 0.76 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WCM Focused International Value Fund | 0.74 | 0.74 | 0.76 | 63 | Foreign Large Cap Equities | WCMNX vs WLIVX | |
| Oberweis Micro Cap Fund | 0.79 | 0.86 | 0.88 | 79 | Small Cap Growth Equities | WCMNX vs OBMCX | |
| Driehaus Micro Cap Growth Fund | 0.80 | 0.85 | 0.87 | 82 | Small Cap Growth Equities | WCMNX vs DMCRX | |
| Needham Small Cap Growth Fund Institutional | 0.81 | 0.84 | 0.86 | 81 | Small Cap Growth Equities | WCMNX vs NESIX | |
| Needham Small Cap Growth Fund | 0.81 | 0.84 | 0.86 | 80 | Small Cap Growth Equities | WCMNX vs NESGX |
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