Looking to diversify beyond WFSTX? The mutual funds below have the lowest correlation with WFSTX — 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 WFSTX.
Best Diversifiers for WFSTX
2 mutual funds have low correlation with WFSTX (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 0.22, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Allspring Ultra Short-Term Income Fund | 0.22 | 0.14 | 0.15 | 98 | Ultrashort Bond | WFSTX vs SADIX | |
| Allspring Short-Term Bond Plus Fund | 0.30 | 0.17 | 0.16 | 82 | Short-Term Bond | WFSTX vs SSHIX | |
| Gabelli Global Content & Connectivity Fund Class I | 0.50 | 0.56 | 0.66 | 82 | Technology Equities | WFSTX vs GTTIX | |
| ARK Venture Fund | 0.50 | 0.59 | 0.63 | 98 | Technology Equities | WFSTX vs ARKVX | |
| Columbia Seligman Premium Technology Growth Closed... | 0.64 | 0.68 | 0.75 | 98 | Technology Equities | WFSTX vs STK |
See all 21 diversifiers for WFSTX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements WFSTX
Add WFSTX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with WFSTX