Looking to diversify beyond WIPIX? The mutual funds below have historically moved differently from WIPIX, 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 WIPIX
1 mutual funds have low correlation with WIPIX (below 0.3), 0 of which are negatively correlated. The least correlated is Allspring Diversified Capital Builder Fund (EKBAX) (Diversified Portfolio) with a 1Y correlation of 0.24, roughly unchanged from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Allspring Diversified Capital Builder Fund | 0.24 | 0.17 | 0.16 | 87 | Diversified Portfolio | WIPIX vs EKBAX | |
| Allspring Ultra Short-Term Income Fund | 0.35 | 0.39 | 0.45 | 99 | Ultrashort Bond | WIPIX vs SADIX | |
| Allspring Disciplined U.S. Core Fund | 0.39 | 0.24 | 0.18 | 65 | Large Cap Blend Equities | WIPIX vs EVSAX | |
| Holbrook Income Fund Class I | 0.39 | 0.32 | 0.38 | 99 | Intermediate Core-Plus Bond | WIPIX vs HOBIX | |
| Allspring Asset Allocation Fund | 0.50 | 0.42 | 0.39 | 55 | Diversified Portfolio | WIPIX vs EAAFX |
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