Looking to diversify beyond WGBFX? The mutual funds below have historically moved differently from WGBFX, 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 WGBFX
2 mutual funds have low correlation with WGBFX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.05, down from 0.45 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.05 | 0.13 | 0.45 | 66 | Diversified Portfolio | WGBFX vs MHELX | |
| Allspring Ultra Short-Term Income Fund | 0.21 | 0.19 | 0.23 | 99 | Ultrashort Bond | WGBFX vs SADIX | |
| Allspring Short-Term Bond Plus Fund | 0.34 | 0.31 | 0.31 | 84 | Short-Term Bond | WGBFX vs SSHIX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.41 | 0.39 | 0.45 | 99 | Diversified Portfolio | WGBFX vs STDAX | |
| Bruce Fund | 0.43 | 0.51 | 0.59 | 94 | Diversified Portfolio | WGBFX vs BRUFX |
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