Looking to diversify beyond WEDIX? The mutual funds below have historically moved differently from WEDIX, 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 WEDIX
0 mutual funds have low correlation with WEDIX (below 0.3), 0 of which are negatively correlated. The least correlated is Morgan Stanley Emerging Markets Domestic Fund (EDD) (Emerging Markets Bonds) with a 1Y correlation of 0.42, roughly unchanged from 0.39 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Morgan Stanley Emerging Markets Domestic Fund | 0.42 | 0.37 | 0.39 | 57 | Emerging Markets Bonds | WEDIX vs EDD | |
| DoubleLine Low Duration Emerging Markets Fixed Inc... | 0.50 | 0.58 | 0.62 | 98 | Emerging Markets Bonds | WEDIX vs DBLLX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 0.61 | 0.45 | 0.50 | 98 | Emerging Markets Bonds | WEDIX vs EELDX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 0.63 | 0.45 | 0.50 | 98 | Emerging Markets Bonds | WEDIX vs EIDOX | |
| Delaware Emerging Markets Debt Corporate Fund | 0.64 | 0.73 | 0.73 | 71 | Emerging Markets Bonds | WEDIX vs DEDIX |
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