Looking to diversify beyond WHYIX? The mutual funds below have historically moved differently from WHYIX, 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 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 0.09, roughly unchanged from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Allspring Diversified Capital Builder Fund | 0.09 | 0.09 | 0.10 | 88 | Diversified Portfolio | WHYIX vs EKBAX | |
| Allspring Disciplined U.S. Core Fund | 0.15 | 0.11 | 0.11 | 63 | Large Cap Blend Equities | WHYIX vs EVSAX | |
| Allspring Small Company Value Fund | 0.16 | 0.14 | 0.10 | 74 | Small Cap Value Equities | WHYIX vs SCVAX | |
| Allspring Ultra Short-Term Income Fund | 0.37 | 0.39 | 0.38 | 99 | Ultrashort Bond | WHYIX vs SADIX | |
| Allspring Short-Term Bond Plus Fund | 0.39 | 0.42 | 0.43 | 77 | Short-Term Bond | WHYIX vs SSHIX |
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