Looking to diversify beyond WFEAX? The mutual funds below have historically moved differently from WFEAX, 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 WFEAX
1 mutual funds have low correlation with WFEAX (below 0.3), 0 of which are negatively correlated. The least correlated is Allspring Ultra Short-Term Income Fund (SADIX) (Ultrashort Bond) with a 1Y correlation of 0.20, roughly unchanged from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Allspring Ultra Short-Term Income Fund | 0.20 | 0.15 | 0.18 | 99 | Ultrashort Bond | WFEAX vs SADIX | |
| Allspring Short-Term Bond Plus Fund | 0.42 | 0.29 | 0.23 | 84 | Short-Term Bond | WFEAX vs SSHIX | |
| Federated Hermes International Strategic Value Div... | 0.48 | 0.59 | 0.69 | 88 | Foreign Large Cap Equities | WFEAX vs IVFIX | |
| Kopernik International Fund | 0.56 | 0.48 | 0.62 | 66 | Foreign Large Cap Equities | WFEAX vs KGIIX | |
| American Beacon Tocqueville International Value Fu... | 0.61 | 0.65 | 0.75 | 52 | Foreign Large Cap Equities | WFEAX vs TIVFX |
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