Looking to diversify beyond WEA? The mutual funds below have historically moved differently from WEA, 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 WEA
10 mutual funds have low correlation with WEA (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Advisor Strategic Real Return Fund Class C (FCSRX) (Diversified Portfolio) with a 1Y correlation of 0.10, down from 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.10 | 0.23 | 0.27 | 89 | Diversified Portfolio | WEA vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.10 | 0.24 | 0.28 | 91 | Diversified Portfolio | WEA vs FIQDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.10 | 0.23 | 0.28 | 91 | Diversified Portfolio | WEA vs FSIRX | |
| Fidelity Strategic Real Return Fund Class K6 | 0.11 | 0.24 | 0.28 | 91 | Diversified Portfolio | WEA vs FSRKX | |
| MH Elite Small Cap Fund of Funds Fund | 0.12 | 0.09 | 0.22 | 66 | Diversified Portfolio | WEA vs MHELX |
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