Looking to diversify beyond WIW? The mutual funds below have historically moved differently from WIW, 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 WIW
2 mutual funds have low correlation with WIW (below 0.3), 0 of which are negatively correlated. The least correlated is SEI Multi-Asset Real Return Fund Class A (SEIAX) (Inflation-Protected Bonds) with a 1Y correlation of 0.03, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Multi-Asset Real Return Fund Class A | 0.03 | 0.18 | 0.21 | 86 | Inflation-Protected Bonds | WIW vs SEIAX | |
| Allspring Real Return Fund | 0.30 | 0.42 | 0.47 | 66 | Inflation-Protected Bonds | WIW vs IPBAX | |
| SEI Institutional Investments Trust Real Return Fu... | 0.32 | 0.44 | 0.43 | 78 | Inflation-Protected Bonds | WIW vs RRPAX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.37 | 0.48 | 0.44 | 91 | Inflation-Protected Bonds, Short-Term Bond, Investment Grade Bonds | WIW vs VTIPX | |
| BlackRock Enhanced Equity Dividend Trust | 0.37 | 0.30 | 0.28 | 64 | Derivative Income | WIW vs BDJ |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for WIW, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Parex Resources Inc. (PXT.TO) (Energy) with a 1Y correlation of 0.03, roughly unchanged from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Parex Resources Inc. | 0.03 | 0.01 | 0.04 | 81 | Energy | |
| Tekla Healthcare Investors | 0.31 | 0.29 | 0.28 | 95 | Financial Services | |
| Royce Value Trust Inc. | 0.46 | 0.38 | 0.35 | 85 | Financial Services |
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