Looking to diversify beyond WHYIX? The mutual funds below have the lowest correlation with WHYIX — 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 WHYIX.
Best Diversifiers for WHYIX
3 mutual funds have low correlation with WHYIX (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 0.07, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Allspring Diversified Capital Builder Fund | 0.07 | 0.10 | 0.10 | 95 | Diversified Portfolio | WHYIX vs EKBAX | |
| Allspring Small Company Value Fund | 0.10 | 0.13 | 0.09 | 51 | Small Cap Value Equities | WHYIX vs SCVAX | |
| Allspring Disciplined U.S. Core Fund | 0.12 | 0.12 | 0.10 | 70 | Large Cap Blend Equities | WHYIX vs EVSAX | |
| Allspring Ultra Short-Term Income Fund | 0.34 | 0.39 | 0.38 | 98 | Ultrashort Bond | WHYIX vs SADIX | |
| Allspring Short-Term Bond Plus Fund | 0.36 | 0.43 | 0.43 | 79 | Short-Term Bond | WHYIX vs SSHIX |
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