Looking to diversify beyond WFTAX? The mutual funds below have the lowest correlation with WFTAX — 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 WFTAX.
Best Diversifiers for WFTAX
13 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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Allspring Diversified Capital Builder Fund | 0.11 | 0.10 | 0.09 | 95 | Diversified Portfolio | WFTAX vs EKBAX | |
| Allspring Small Company Value Fund | 0.14 | 0.13 | 0.08 | 51 | Small Cap Value Equities | WFTAX vs SCVAX | |
| Allspring Disciplined U.S. Core Fund | 0.16 | 0.13 | 0.09 | 70 | Large Cap Blend Equities | WFTAX vs EVSAX | |
| Federated Hermes Conservative Municipal Microshort... | 0.18 | 0.18 | 0.15 | 99 | Municipal Bonds | WFTAX vs FHMIX | |
| DFA NY Municipal Bond Portfolio | 0.19 | 0.34 | 0.43 | 99 | Municipal Bonds | WFTAX vs DNYMX |
See all 24 diversifiers for WFTAX
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