Looking to diversify beyond WESRX? The mutual funds below have the lowest correlation with WESRX — 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 WESRX.
Best Diversifiers for WESRX
0 mutual funds have low correlation with WESRX (below 0.3), 0 of which are negatively correlated. The least correlated is Integrity High Income Fund (IHFAX) (High Yield Bonds) with a 1Y correlation of 0.44, roughly unchanged from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Integrity High Income Fund | 0.44 | 0.41 | 0.46 | 76 | High Yield Bonds | WESRX vs IHFAX | |
| Integrity Dividend Harvest Fund | 0.52 | 0.59 | 0.61 | 94 | Large Cap Value Equities | WESRX vs IDIVX | |
| Miller Convertible Bond Fund | 0.70 | 0.75 | 0.79 | 78 | Convertible Bonds | WESRX vs MCIFX | |
| Rational/Pier 88 Convertible Securities Fund | 0.70 | 0.74 | 0.79 | 52 | Convertible Bonds | WESRX vs PBXIX | |
| Calamos Convertible and High Income Closed Fund | 0.72 | 0.61 | 0.63 | 83 | Convertible Bonds | WESRX vs CHY |
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