Looking to diversify beyond WIEFX? The mutual funds below have historically moved differently from WIEFX, 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 WIEFX
0 mutual funds have low correlation with WIEFX (below 0.3), 0 of which are negatively correlated. The least correlated is Kopernik International Fund (KGIIX) (Foreign Large Cap Equities) with a 1Y correlation of 0.49, roughly unchanged from 0.57 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Kopernik International Fund | 0.49 | 0.44 | 0.57 | 66 | Foreign Large Cap Equities | WIEFX vs KGIIX | |
| Thornburg Global Opportunities Fund | 0.53 | 0.66 | 0.74 | 89 | Foreign Large Cap Equities | WIEFX vs THOIX | |
| American Beacon Tocqueville International Value Fu... | 0.53 | 0.64 | 0.76 | 52 | Foreign Large Cap Equities | WIEFX vs TIVFX | |
| Federated Hermes International Strategic Value Div... | 0.57 | 0.64 | 0.73 | 88 | Foreign Large Cap Equities | WIEFX vs IVFIX | |
| PIMCO RAE PLUS International Fund | 0.57 | 0.62 | 0.65 | 95 | Foreign Large Cap Equities | WIEFX vs PTSIX |
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