Looking to diversify beyond WLGAX? The mutual funds below have historically moved differently from WLGAX, 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 WLGAX
17 mutual funds have low correlation with WLGAX (below 0.3), 0 of which are negatively correlated. The least correlated is Delaware Tax-Free Colorado Fund (VCTFX) (Municipal Bonds) with a 1Y correlation of 0.14, roughly unchanged from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Delaware Tax-Free Colorado Fund | 0.14 | 0.12 | 0.13 | 84 | Municipal Bonds | WLGAX vs VCTFX | |
| Delaware Ivy Securian Real Estate Securities Fund | 0.14 | 0.32 | 0.48 | 81 | REIT | WLGAX vs IRSAX | |
| Delaware Floating Rate Fund | 0.16 | 0.20 | 0.22 | 96 | Bank Loan | WLGAX vs DDFLX | |
| Delaware Tax-Free Oregon Fund | 0.18 | 0.13 | 0.13 | 80 | Municipal Bonds | WLGAX vs FTORX | |
| Delaware Tax-Free New York Fund | 0.18 | 0.13 | 0.13 | 76 | Municipal Bonds | WLGAX vs FTNYX |
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