Looking to diversify beyond WFPRX? The mutual funds below have the lowest correlation with WFPRX — 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 WFPRX.
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 Municipal Bond Fund Institutional Class (WMBIX) (Municipal Bonds) with a 1Y correlation of 0.24, up from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Allspring Municipal Bond Fund Institutional Class | 0.24 | 0.18 | 0.11 | 78 | Municipal Bonds | WFPRX vs WMBIX | |
| Invesco Value Opportunities Fund Class Y | 0.76 | 0.80 | 0.86 | 81 | Mid Cap Value Equities | WFPRX vs VVOIX | |
| Invesco Value Opportunities Fund | 0.76 | 0.80 | 0.86 | 81 | Mid Cap Value Equities | WFPRX vs VVOAX | |
| Invesco V.I. American Value Fund | 0.77 | 0.80 | 0.86 | 81 | Mid Cap Value Equities | WFPRX vs UMCVX | |
| Glenmede Quantitative U.S. Total Market Equity Por... | 0.77 | 0.82 | 0.87 | 55 | Mid Cap Value Equities | WFPRX vs GTTMX |
See all 19 diversifiers for WFPRX
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