Looking to diversify beyond WIA? The mutual funds below have historically moved differently from WIA, 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 WIA
10 mutual funds have low correlation with WIA (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Multi-Asset Real Return Fund Class A (SEIAX) (Inflation-Protected Bonds) with a 1Y correlation of -0.10, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Multi-Asset Real Return Fund Class A | -0.10 | 0.11 | 0.15 | 86 | Inflation-Protected Bonds | WIA vs SEIAX | |
| Allspring Real Return Fund | 0.14 | 0.32 | 0.39 | 66 | Inflation-Protected Bonds | WIA vs IPBAX | |
| SEI Institutional Investments Trust Real Return Fu... | 0.18 | 0.42 | 0.43 | 78 | Inflation-Protected Bonds | WIA vs RRPAX | |
| American Century Short Duration Inflation Protecti... | 0.21 | 0.44 | 0.45 | 80 | Inflation-Protected Bonds | WIA vs APOIX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.21 | 0.44 | 0.43 | 91 | Inflation-Protected Bonds, Short-Term Bond, Investment Grade Bonds | WIA vs VTIPX |
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