Looking to diversify beyond WLGAX? The mutual funds below have the lowest correlation with WLGAX — 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 WLGAX.
Best Diversifiers for WLGAX
10 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 0.09, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Delaware Tax-Free Colorado Fund | 0.09 | 0.12 | 0.12 | 76 | Municipal Bonds | WLGAX vs VCTFX | |
| Delaware Tax-Free Pennsylvania Fund | 0.14 | 0.14 | 0.14 | 70 | Municipal Bonds | WLGAX vs DELIX | |
| Delaware Tax-Free Oregon Fund | 0.15 | 0.12 | 0.12 | 69 | Municipal Bonds | WLGAX vs FTORX | |
| Delaware Tax-Free New York Fund | 0.15 | 0.12 | 0.12 | 61 | Municipal Bonds | WLGAX vs FTNYX | |
| Delaware Tax-Free Idaho Fund | 0.15 | 0.13 | 0.14 | 76 | Municipal Bonds | WLGAX vs VIDAX |
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