Looking to diversify beyond WFIOX? The mutual funds below have the lowest correlation with WFIOX — 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 WFIOX.
Best Diversifiers for WFIOX
1 mutual funds have low correlation with WFIOX (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 0.15, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Allspring Ultra Short-Term Income Fund | 0.15 | 0.08 | 0.13 | 98 | Ultrashort Bond | WFIOX vs SADIX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.31 | 0.14 | 0.12 | 72 | Large Cap Blend Equities | WFIOX vs SVPFX | |
| Allspring Short-Term Bond Plus Fund | 0.32 | 0.17 | 0.15 | 81 | Short-Term Bond | WFIOX vs SSHIX | |
| North Square Preferred and Income Securities Fund | 0.52 | 0.35 | 0.42 | 69 | Large Cap Blend Equities | WFIOX vs ORDNX | |
| Rock Oak Core Growth Fund | 0.62 | 0.71 | 0.80 | 62 | Large Cap Blend Equities | WFIOX vs RCKSX |
See all 43 diversifiers for WFIOX
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