Looking to diversify beyond WFPRX? The mutual funds below have historically moved differently from WFPRX, 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 WFPRX
1 mutual funds have low correlation with WFPRX (below 0.3), 0 of which are negatively correlated. The least correlated is Allspring Short-Term Bond Plus Fund (SSHIX) (Short-Term Bond) with a 1Y correlation of 0.29, up from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Allspring Short-Term Bond Plus Fund | 0.29 | 0.19 | 0.16 | 84 | Short-Term Bond | WFPRX vs SSHIX | |
| Allspring Municipal Bond Fund Institutional Class | 0.31 | 0.19 | 0.13 | 78 | Municipal Bonds | WFPRX vs WMBIX | |
| Allspring Disciplined U.S. Core Fund | 0.60 | 0.67 | 0.77 | 65 | Large Cap Blend Equities | WFPRX vs EVSAX | |
| Allspring Diversified Capital Builder Fund | 0.61 | 0.64 | 0.75 | 87 | Diversified Portfolio | WFPRX vs EKBAX | |
| Allspring Asset Allocation Fund | 0.66 | 0.73 | 0.80 | 55 | Diversified Portfolio | WFPRX vs EAAFX |
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