Looking to diversify beyond WICIX? The mutual funds below have the lowest correlation with WICIX — 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 WICIX.
Best Diversifiers for WICIX
1 mutual funds have low correlation with WICIX (below 0.3), 0 of which are negatively correlated. The least correlated is Allspring Ultra Short-Term Income Fund (SADIX) (Ultrashort Bond) with a 1Y correlation of 0.23, roughly unchanged from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Allspring Ultra Short-Term Income Fund | 0.23 | 0.15 | 0.19 | 98 | Ultrashort Bond | WICIX vs SADIX | |
| Allspring Short-Term Bond Plus Fund | 0.37 | 0.32 | 0.28 | 81 | Short-Term Bond | WICIX vs SSHIX | |
| Allspring Diversified Capital Builder Fund | 0.51 | 0.52 | 0.61 | 95 | Diversified Portfolio | WICIX vs EKBAX | |
| Pear Tree Polaris International Opportunities Fund | 0.52 | 0.65 | 0.70 | 50 | Foreign Small & Mid Cap Equities | WICIX vs QISIX | |
| Allspring Small Company Value Fund | 0.54 | 0.57 | 0.61 | 51 | Small Cap Value Equities | WICIX vs SCVAX |
See all 14 diversifiers for WICIX
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