Looking to diversify beyond WMBFX? The mutual funds below have historically moved differently from WMBFX, 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 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 0.06, down from 0.41 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.06 | 0.13 | 0.41 | 66 | Diversified Portfolio | WMBFX vs MHELX | |
| Allspring Ultra Short-Term Income Fund | 0.24 | 0.23 | 0.30 | 99 | Ultrashort Bond | WMBFX vs SADIX | |
| Allspring Short-Term Bond Plus Fund | 0.36 | 0.40 | 0.42 | 84 | Short-Term Bond | WMBFX vs SSHIX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.42 | 0.40 | 0.47 | 99 | Diversified Portfolio | WMBFX vs STDAX | |
| Bruce Fund | 0.44 | 0.52 | 0.58 | 94 | Diversified Portfolio | WMBFX vs BRUFX |
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