Looking to diversify beyond WFPAX? The mutual funds below have historically moved differently from WFPAX, 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 WFPAX
2 mutual funds have low correlation with WFPAX (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 0.19, roughly unchanged from 0.14 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 | 0.19 | 0.13 | 0.14 | 99 | Ultrashort Bond | WFPAX vs SADIX | |
| Allspring Short-Term Bond Plus Fund | 0.29 | 0.19 | 0.16 | 84 | Short-Term Bond | WFPAX vs SSHIX | |
| Allspring Disciplined U.S. Core Fund | 0.60 | 0.67 | 0.77 | 65 | Large Cap Blend Equities | WFPAX vs EVSAX | |
| Allspring Diversified Capital Builder Fund | 0.61 | 0.64 | 0.75 | 87 | Diversified Portfolio | WFPAX vs EKBAX | |
| Fidelity 500 Index Fund | 0.62 | 0.69 | 0.78 | 64 | S&P 500 | WFPAX vs FXAIX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements WFPAX
Add WFPAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with WFPAX