Looking to diversify beyond WFGGX? The mutual funds below have historically moved differently from WFGGX, 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 WFGGX
13 mutual funds have low correlation with WFGGX (below 0.3), 1 of which are negatively correlated. The least correlated is GQG Partners Global Quality Dividend Income Fund (GQFPX) (Quality Factor) with a 1Y correlation of -0.07, down from 0.46 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners Global Quality Dividend Income Fund | -0.08 | 0.31 | 0.46 | 70 | Quality Factor, Global Equities | WFGGX vs GQFPX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.06 | 0.23 | 0.43 | 79 | Infrastructure Equities, Global Equities | WFGGX vs CSUAX | |
| SEI Institutional Managed Trust Global Managed Vol... | 0.12 | 0.41 | 0.59 | 53 | Global Equities, Low Volatility | WFGGX vs SVTAX | |
| Nuveen Global Infrastructure Fund Class A | 0.15 | 0.32 | 0.51 | 66 | Infrastructure Equities, Global Equities | WFGGX vs FGIAX | |
| Catalyst/Millburn Hedge Strategy Fund | 0.21 | 0.27 | 0.34 | 89 | Multistrategy, Systematic Trend, Global Equities | WFGGX vs MBXAX |
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