Looking to diversify beyond WMBDX? The mutual funds below have historically moved differently from WMBDX, 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 WMBDX
1 mutual funds have low correlation with WMBDX (below 0.3), 0 of which are negatively correlated. The least correlated is WesMark Large Company Fund (WMKGX) (Large Cap Growth Equities) with a 1Y correlation of 0.28, up from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WesMark Large Company Fund | 0.28 | 0.18 | 0.12 | 60 | Large Cap Growth Equities | WMBDX vs WMKGX | |
| WesMark Small Company Fund | 0.31 | 0.21 | 0.13 | 64 | Small Cap Growth Equities | WMBDX vs WMKSX | |
| WesMark Balanced Fund | 0.38 | 0.36 | 0.26 | 89 | Diversified Portfolio | WMBDX vs WMBLX | |
| WesMark Tactical Opportunity Fund | 0.43 | 0.42 | 0.34 | 69 | Tactical Allocation | WMBDX vs WMKTX | |
| Hartford Schroders Tax-Aware Bond Fund | 0.67 | 0.70 | 0.67 | 56 | Intermediate Core Bond | WMBDX vs STWTX |
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