Looking to diversify beyond WFBIX? The mutual funds below have historically moved differently from WFBIX, 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 WFBIX
6 mutual funds have low correlation with WFBIX (below 0.3), 2 of which are negatively correlated. The least correlated is Virtus AlphaSimplex Managed Futures Strategy Fund Class I (ASFYX) (Systematic Trend) with a 1Y correlation of -0.06, up from -0.34 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | -0.06 | -0.15 | -0.34 | 66 | Systematic Trend | WFBIX vs ASFYX | |
| BlackRock Global Equity Market Neutral Fund Class ... | -0.02 | -0.02 | -0.00 | 97 | Equity Market Neutral | WFBIX vs BDMIX | |
| Principal Diversified Real Asset Fund | 0.24 | 0.35 | 0.28 | 87 | Global Allocation | WFBIX vs PDRDX | |
| T. Rowe Price Value Fund | 0.28 | 0.22 | 0.15 | 90 | Large Cap Value Equities | WFBIX vs TRVLX | |
| SEI Institutional Managed Trust S&P 500 Index Fund | 0.30 | 0.22 | 0.16 | 58 | S&P 500 | WFBIX vs SSPIX |
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