Looking to diversify beyond WIA? The mutual funds below have the lowest correlation with WIA — 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 WIA.
Best Diversifiers for WIA
10 mutual funds have low correlation with WIA (below 0.3), 0 of which are negatively correlated. The least correlated is Allspring Real Return Fund (IPBAX) (Inflation-Protected Bonds) with a 1Y correlation of 0.16, down from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Allspring Real Return Fund | 0.16 | 0.33 | 0.40 | 87 | Inflation-Protected Bonds | WIA vs IPBAX | |
| Fidelity Series 0-5 Year Inflation-Protected Bond ... | 0.19 | 0.41 | 0.43 | 86 | Inflation-Protected Bonds | WIA vs FSTZX | |
| SEI Institutional Investments Trust Real Return Fu... | 0.19 | 0.42 | 0.42 | 74 | Inflation-Protected Bonds | WIA vs RRPAX | |
| American Century Short Duration Inflation Protecti... | 0.20 | 0.43 | 0.44 | 73 | Inflation-Protected Bonds | WIA vs APOIX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.21 | 0.43 | 0.42 | 89 | Inflation-Protected Bonds | WIA vs VTSPX |
See all 11 diversifiers for WIA
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