Looking to diversify beyond WESRX? The mutual funds below have historically moved differently from WESRX, 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 WESRX
1 mutual funds have low correlation with WESRX (below 0.3), 0 of which are negatively correlated. The least correlated is Lazard Enhanced Opportunities Portfolio Open Shares (LEOOX) (Convertible Bonds) with a 1Y correlation of 0.29, roughly unchanged from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lazard Enhanced Opportunities Portfolio Open Share... | 0.29 | 0.11 | 0.19 | 75 | Convertible Bonds | WESRX vs LEOOX | |
| Integrity High Income Fund | 0.42 | 0.40 | 0.45 | 61 | High Yield Bonds | WESRX vs IHFAX | |
| Integrity Dividend Harvest Fund | 0.46 | 0.56 | 0.60 | 97 | Large Cap Value Equities | WESRX vs IDIVX | |
| Miller Convertible Bond Fund | 0.60 | 0.71 | 0.77 | 93 | Convertible Bonds | WESRX vs MCIFX | |
| TETON Westwood Mighty Mites Fund | 0.61 | 0.69 | 0.76 | 80 | Small Cap Blend Equities | WESRX vs WEMMX |
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