Looking to diversify beyond WMBFX? The mutual funds below have the lowest correlation with WMBFX — 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 WMBFX.
Best Diversifiers for WMBFX
2 mutual funds have low correlation with WMBFX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.09, down from 0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.09 | 0.17 | 0.43 | 64 | Diversified Portfolio | WMBFX vs MHELX | |
| Allspring Ultra Short-Term Income Fund | 0.21 | 0.25 | 0.29 | 98 | Ultrashort Bond | WMBFX vs SADIX | |
| Allspring Short-Term Bond Plus Fund | 0.41 | 0.41 | 0.43 | 82 | Short-Term Bond | WMBFX vs SSHIX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.45 | 0.42 | 0.48 | 99 | Diversified Portfolio | WMBFX vs STDAX | |
| Fidelity Strategic Real Return Fund Class K6 | 0.46 | 0.61 | 0.67 | 96 | Diversified Portfolio | WMBFX vs FSRKX |
See all 22 diversifiers for WMBFX
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