Looking to diversify beyond WEFIX? The mutual funds below have historically moved differently from WEFIX, 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 WEFIX
8 mutual funds have low correlation with WEFIX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Two-Year Fixed Income Portfolio (DFCFX) (Short-Term Bond) with a 1Y correlation of 0.10, down from 0.35 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Two-Year Fixed Income Portfolio | 0.10 | 0.00 | 0.35 | 100 | Short-Term Bond | WEFIX vs DFCFX | |
| Blackstone Alternative Multi-Strategy Fund | 0.13 | 0.13 | 0.12 | 99 | Multistrategy | WEFIX vs BXMIX | |
| GuidePath Absolute Return Allocation Fund | 0.14 | 0.48 | 0.59 | 69 | Short-Term Bond | WEFIX vs GPARX | |
| Leader Short Term High Yield Bond Fund | 0.19 | 0.20 | 0.24 | 84 | Short-Term Bond | WEFIX vs LCCMX | |
| Causeway Emerging Markets Fund | 0.19 | 0.04 | 0.07 | 61 | Emerging Markets Equities | WEFIX vs CEMIX |
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