Looking to diversify beyond WGCFX? The mutual funds below have the lowest correlation with WGCFX — 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 WGCFX.
Best Diversifiers for WGCFX
3 mutual funds have low correlation with WGCFX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.13, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.13 | 0.02 | 0.16 | 60 | Diversified Portfolio | WGCFX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.03 | 0.15 | 0.48 | 67 | Diversified Portfolio | WGCFX vs MHELX | |
| Allspring Ultra Short-Term Income Fund | 0.19 | 0.17 | 0.21 | 99 | Ultrashort Bond | WGCFX vs SADIX | |
| Allspring Short-Term Bond Plus Fund | 0.33 | 0.29 | 0.27 | 88 | Short-Term Bond | WGCFX vs SSHIX | |
| Concorde Wealth Management Fund | 0.38 | 0.59 | 0.71 | 73 | Diversified Portfolio | WGCFX vs CONWX |
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