Looking to diversify beyond WFSPX? The mutual funds below have the lowest correlation with WFSPX — 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 WFSPX.
Best Diversifiers for WFSPX
28 mutual funds have low correlation with WFSPX (below 0.3), 7 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 -0.26, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.26 | -0.08 | 0.07 | 76 | Diversified Portfolio | WFSPX vs SIFAX | |
| PIMCO CommoditiesPLUS Strategy Fund | -0.16 | 0.04 | 0.14 | 76 | Commodities | WFSPX vs PCLAX | |
| BlackRock Energy Opportunities Fund | -0.06 | 0.20 | 0.33 | 70 | Energy Equities | WFSPX vs BACAX | |
| BlackRock Energy Opportunities Fund | -0.06 | 0.20 | 0.33 | 71 | Energy Equities | WFSPX vs BACIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.06 | 0.00 | 0.02 | 99 | Municipal Bonds | WFSPX vs TFCYX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WFSPX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WFSPX and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.58, down from 0.69 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.58 | 0.62 | 0.69 | 82 | Technology |
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