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), 1 of which are negatively correlated. The least correlated is BlackRock Global Long/Short Equity Fund Class I (BDMIX) (Long-Short) with a 1Y correlation of -0.01, roughly unchanged from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | -0.01 | -0.00 | -0.00 | 95 | Long-Short | WFBIX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.00 | -0.15 | -0.34 | 60 | Systematic Trend | WFBIX vs ASFYX | |
| BlackRock Technology Opportunities Fund Investor A | 0.19 | 0.13 | 0.12 | 66 | Technology Equities | WFBIX vs BGSAX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.24 | 0.15 | 0.13 | 70 | Large Cap Growth Equities | WFBIX vs NASDX | |
| Principal Diversified Real Asset Fund | 0.29 | 0.37 | 0.27 | 56 | Global Allocation | WFBIX vs PDRDX |
See all 20 diversifiers for WFBIX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements WFBIX
Add WFBIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with WFBIX