Looking to diversify beyond WICIX? The mutual funds below have historically moved differently from WICIX, 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 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 0.25, roughly unchanged from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Allspring Ultra Short-Term Income Fund | 0.25 | 0.14 | 0.20 | 99 | Ultrashort Bond | WICIX vs SADIX | |
| Allspring Short-Term Bond Plus Fund | 0.34 | 0.31 | 0.28 | 84 | Short-Term Bond | WICIX vs SSHIX | |
| Allspring Diversified Capital Builder Fund | 0.49 | 0.49 | 0.60 | 87 | Diversified Portfolio | WICIX vs EKBAX | |
| Hood River International Opportunity Fund | 0.51 | 0.57 | — | 72 | Foreign Small & Mid Cap Equities | WICIX vs HRIOX | |
| Allspring Small Company Value Fund | 0.52 | 0.56 | 0.61 | 73 | Small Cap Value Equities | WICIX vs SCVAX |
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