Looking to diversify beyond WFMIX? The mutual funds below have the lowest correlation with WFMIX — 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 WFMIX.
Best Diversifiers for WFMIX
19 mutual funds have low correlation with WFMIX (below 0.3), 3 of which are negatively correlated. The least correlated is Vanguard Market Neutral Fund Investor Shares (VMNFX) (Long-Short) with a 1Y correlation of -0.15, down from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Market Neutral Fund Investor Shares | -0.15 | -0.10 | 0.00 | 65 | Long-Short | WFMIX vs VMNFX | |
| Fidelity SAI Inflation-Focused | -0.13 | 0.06 | 0.18 | 76 | Commodities | WFMIX vs FIFGX | |
| PIMCO CommoditiesPLUS Strategy Fund | -0.09 | 0.07 | 0.18 | 74 | Commodities | WFMIX vs PCLIX | |
| Allspring Ultra Short-Term Municipal Income Fund | 0.11 | 0.08 | 0.07 | 98 | Municipal Bonds | WFMIX vs SMAIX | |
| Allspring High Yield Municipal Bond Fund | 0.15 | 0.17 | 0.12 | 77 | High Yield Muni | WFMIX vs WHYIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WFMIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WFMIX and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.12, down from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.12 | 0.20 | 0.36 | 80 | Technology | |
| Johnson & Johnson | 0.19 | 0.26 | 0.30 | 94 | Healthcare |
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