Looking to diversify beyond WIW? The mutual funds below have the lowest correlation with WIW — 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 WIW.
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 0.06, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Multi-Asset Real Return Fund Class A | 0.06 | 0.18 | 0.21 | 66 | Inflation-Protected Bonds | WIW vs SEIAX | |
| Allspring Real Return Fund | 0.29 | 0.43 | 0.47 | 82 | Inflation-Protected Bonds | WIW vs IPBAX | |
| SEI Institutional Investments Trust Real Return Fu... | 0.34 | 0.45 | 0.43 | 81 | Inflation-Protected Bonds | WIW vs RRPAX | |
| Eaton Vance Short Duration Inflation-Protected Inc... | 0.38 | 0.43 | 0.43 | 60 | Inflation-Protected Bonds | WIW vs EARRX | |
| American Century Short Duration Inflation Protecti... | 0.38 | 0.47 | 0.45 | 79 | Inflation-Protected Bonds | WIW vs APOIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WIW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WIW and solid risk/return profiles. The least correlated is Parex Resources Inc. (PXT.TO) (Energy) with a 1Y correlation of 0.01, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Parex Resources Inc. | 0.02 | -0.00 | 0.04 | 86 | Energy | |
| Tekla Healthcare Investors | 0.26 | 0.28 | 0.28 | 93 | Financial Services | |
| Royce Value Trust Inc. | 0.43 | 0.38 | 0.34 | 83 | Financial Services |
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