Looking to diversify beyond WFBIX? The mutual funds below have the lowest correlation with WFBIX — 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 WFBIX.
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 BlackRock Global Equity Market Neutral Fund Class I (BDMIX) (Equity Market Neutral) with a 1Y correlation of -0.03, roughly unchanged from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Class ... | -0.03 | -0.01 | -0.00 | 96 | Equity Market Neutral | WFBIX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | -0.02 | -0.15 | -0.34 | 51 | Systematic Trend | WFBIX vs ASFYX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.22 | 0.15 | 0.13 | 59 | Large Cap Growth Equities | WFBIX vs NASDX | |
| Principal Diversified Real Asset Fund | 0.26 | 0.36 | 0.28 | 74 | Global Allocation | WFBIX vs PDRDX | |
| SEI Institutional Managed Trust S&P 500 Index Fund | 0.28 | 0.22 | 0.15 | 62 | S&P 500 | WFBIX vs SSPIX |
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