Looking to diversify beyond WFSPX? The mutual funds below have historically moved differently from WFSPX, 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 WFSPX
32 mutual funds have low correlation with WFSPX (below 0.3), 5 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.28, down from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.28 | -0.12 | 0.04 | 83 | Diversified Portfolio | WFSPX vs SIFAX | |
| PIMCO CommoditiesPLUS Strategy Fund | -0.13 | 0.01 | 0.12 | 70 | Commodities | WFSPX vs PCLAX | |
| BlackRock Energy Opportunities Fund | -0.11 | 0.16 | 0.30 | 81 | Energy Equities | WFSPX vs BACAX | |
| BlackRock Energy Opportunities Fund | -0.11 | 0.16 | 0.30 | 82 | Energy Equities | WFSPX vs BACIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.05 | 0.01 | 0.02 | 99 | Municipal Bonds | WFSPX vs TFCYX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for WFSPX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.06, down from 0.51 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.06 | 0.33 | 0.51 | 61 | Financial Services | |
| NVIDIA Corporation | 0.61 | 0.63 | 0.69 | 56 | Technology |
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