Looking to diversify beyond WMBDX? The mutual funds below have the lowest correlation with WMBDX — 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 WMBDX.
Best Diversifiers for WMBDX
2 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 0.20, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WesMark Large Company Fund | 0.20 | 0.18 | 0.11 | 74 | Large Cap Growth Equities | WMBDX vs WMKGX | |
| WesMark Small Company Fund | 0.21 | 0.19 | 0.11 | 54 | Small Cap Growth Equities | WMBDX vs WMKSX | |
| WesMark Balanced Fund | 0.33 | 0.35 | 0.24 | 91 | Diversified Portfolio | WMBDX vs WMBLX | |
| WesMark Tactical Opportunity Fund | 0.38 | 0.43 | 0.32 | 67 | Tactical Allocation | WMBDX vs WMKTX | |
| WesMark West Virginia Municipal Bond Fund | 0.58 | 0.63 | 0.55 | 65 | Municipal Bonds | WMBDX vs WMKMX |
See all 7 diversifiers for WMBDX
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