Looking to diversify beyond WMBIX? The mutual funds below have the lowest correlation with WMBIX — 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 WMBIX.
Best Diversifiers for WMBIX
9 mutual funds have low correlation with WMBIX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Short Term Municipal Bond Portfolio (DFSMX) (Municipal Bonds) with a 1Y correlation of 0.18, down from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.18 | 0.26 | 0.35 | 99 | Municipal Bonds | WMBIX vs DFSMX | |
| Federated Hermes Conservative Municipal Microshort... | 0.19 | 0.19 | 0.15 | 99 | Municipal Bonds | WMBIX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.20 | 0.23 | 0.21 | 99 | Municipal Bonds | WMBIX vs TFCYX | |
| DFA NY Municipal Bond Portfolio | 0.22 | 0.31 | 0.41 | 99 | Municipal Bonds | WMBIX vs DNYMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.22 | 0.31 | 0.38 | 99 | Municipal Bonds | WMBIX vs USMSX |
See all 18 diversifiers for WMBIX
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