Looking to diversify beyond WFTAX? The mutual funds below have historically moved differently from WFTAX, 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 WFTAX
15 mutual funds have low correlation with WFTAX (below 0.3), 0 of which are negatively correlated. The least correlated is Allspring Diversified Capital Builder Fund (EKBAX) (Diversified Portfolio) with a 1Y correlation of 0.11, roughly unchanged from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Allspring Diversified Capital Builder Fund | 0.11 | 0.09 | 0.09 | 87 | Diversified Portfolio | WFTAX vs EKBAX | |
| Allspring Disciplined U.S. Core Fund | 0.16 | 0.12 | 0.09 | 65 | Large Cap Blend Equities | WFTAX vs EVSAX | |
| Allspring Small Company Value Fund | 0.17 | 0.14 | 0.09 | 73 | Small Cap Value Equities | WFTAX vs SCVAX | |
| abrdn Ultra Short Municipal Income Fund | 0.17 | 0.24 | 0.26 | 100 | Municipal Bonds | WFTAX vs ATOIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.21 | 0.24 | 0.23 | 99 | Municipal Bonds | WFTAX vs TFCYX |
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