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TETON Westwood Mighty Mites Fund (WEMMX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 3, 2026

The fund primarily invests in common stocks of smaller companies that have a market capitalization of $500 million or less at the time of the fund's initial investment. It focuses on micro-cap companies which appear to be underpriced relative to their "private market value." Private market value is the value which the sub-adviser believes informed investors would be willing to pay to acquire a company. The fund may also invest up to 25% of its total assets in foreign securities and in European Depositary Receipts ("EDRs") or American Depositary Receipts ("ADRs").

Looking to diversify beyond WEMMX? The mutual funds below have the lowest correlation with WEMMX — 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 WEMMX.

Best Diversifiers for WEMMX

1 mutual funds have low correlation with WEMMX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes MDT Small Cap Core Fund (QISCX) (Small Cap Blend Equities) with a 1Y correlation of 0.19, down from 0.74 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
QISCX
Federated Hermes MDT Small Cap Core Fund0.190.590.74
51
Small Cap Blend EquitiesWEMMX vs QISCX
JESIX
John Hancock Variable Insurance Trust Small Cap In...0.640.800.86
65
Small Cap Blend EquitiesWEMMX vs JESIX
AUERX
Auer Growth Fund0.720.750.79
91
Small Cap Blend EquitiesWEMMX vs AUERX
MSCGX
Mercer US Small/Mid Cap Equity Fund0.750.820.87
53
Small Cap Blend EquitiesWEMMX vs MSCGX
TRCSX
T. Rowe Price Small-Cap Index Fund0.750.830.88
75
Small Cap Blend EquitiesWEMMX vs TRCSX
See all 77 diversifiers for WEMMX

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