Looking to diversify beyond WIPIX? The mutual funds below have the lowest correlation with WIPIX — 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 WIPIX.
Best Diversifiers for WIPIX
0 mutual funds have low correlation with WIPIX (below 0.3), 0 of which are negatively correlated. The least correlated is Holbrook Income Fund Class I (HOBIX) (Intermediate Core-Plus Bond) with a 1Y correlation of 0.35, roughly unchanged from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Holbrook Income Fund Class I | 0.35 | 0.33 | 0.37 | 98 | Intermediate Core-Plus Bond | WIPIX vs HOBIX | |
| Leader Capital High Quality Floating Rate Fund Inv... | 0.41 | 0.22 | 0.17 | 91 | Intermediate Core-Plus Bond | WIPIX vs LCTRX | |
| Leader Capital High Quality Income Fund Institutio... | 0.43 | 0.20 | 0.15 | 93 | Intermediate Core-Plus Bond | WIPIX vs LCTIX | |
| Allspring Municipal Bond Fund Institutional Class | 0.48 | 0.56 | 0.52 | 79 | Municipal Bonds | WIPIX vs WMBIX | |
| GMO Multi-Sector Fixed Income Fund | 0.73 | 0.90 | 0.91 | 67 | Intermediate Core-Plus Bond | WIPIX vs GUGAX |
See all 8 diversifiers for WIPIX
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