Looking to diversify beyond WGBFX? The mutual funds below have the lowest correlation with WGBFX — 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 WGBFX.
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 0.07, down from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.07 | 0.17 | 0.48 | 64 | Diversified Portfolio | WGBFX vs MHELX | |
| Allspring Ultra Short-Term Income Fund | 0.19 | 0.19 | 0.23 | 98 | Ultrashort Bond | WGBFX vs SADIX | |
| Allspring Short-Term Bond Plus Fund | 0.36 | 0.32 | 0.31 | 82 | Short-Term Bond | WGBFX vs SSHIX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.44 | 0.59 | 0.66 | 95 | Diversified Portfolio | WGBFX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.44 | 0.60 | 0.66 | 96 | Diversified Portfolio | WGBFX vs FSIRX |
See all 22 diversifiers for WGBFX
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