Looking to diversify beyond WGFIX? The mutual funds below have the lowest correlation with WGFIX — 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 WGFIX.
Best Diversifiers for WGFIX
2 mutual funds have low correlation with WGFIX (below 0.3), 0 of which are negatively correlated. The least correlated is Cohen & Steers Global Infrastructure Fund Class A (CSUAX) (Global Equities) with a 1Y correlation of 0.15, down from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cohen & Steers Global Infrastructure Fund Class A | 0.15 | 0.32 | 0.49 | 75 | Global Equities | WGFIX vs CSUAX | |
| Nuveen Global Infrastructure Fund Class A | 0.22 | 0.40 | 0.57 | 68 | Global Equities | WGFIX vs FGIAX | |
| Russell Investment Tax-Managed Real Assets Fund | 0.39 | 0.53 | 0.63 | 85 | Global Equities | WGFIX vs RTXAX | |
| Vanguard Global Minimum Volatility Fund Investor S... | 0.42 | 0.57 | 0.67 | 69 | Global Equities | WGFIX vs VMVFX | |
| Wasatch Global Value Fund Investor Class Shares | 0.42 | 0.45 | 0.57 | 91 | Global Equities | WGFIX vs FMIEX |
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