Looking to diversify beyond WISEX? The mutual funds below have historically moved differently from WISEX, 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 WISEX
7 mutual funds have low correlation with WISEX (below 0.3), 0 of which are negatively correlated. The least correlated is Leader Short Term High Yield Bond Fund (LCCMX) (Short-Term Bond) with a 1Y correlation of 0.09, down from 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leader Short Term High Yield Bond Fund | 0.09 | 0.08 | 0.30 | 77 | Short-Term Bond | WISEX vs LCCMX | |
| GuidePath Absolute Return Allocation Fund | 0.11 | 0.38 | 0.45 | 65 | Short-Term Bond | WISEX vs GPARX | |
| DFA Two-Year Fixed Income Portfolio | 0.18 | 0.07 | 0.18 | 100 | Short-Term Bond | WISEX vs DFCFX | |
| GuidepathConservative Income Fund | 0.19 | 0.25 | 0.32 | 99 | Short-Term Bond | WISEX vs GPICX | |
| DFA Short-Duration Real Return Portfolio | 0.22 | 0.11 | 0.21 | 98 | Short-Term Bond | WISEX vs DFAIX |
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