Looking to diversify beyond WMBLX? The mutual funds below have the lowest correlation with WMBLX — 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 WMBLX.
Best Diversifiers for WMBLX
3 mutual funds have low correlation with WMBLX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.06, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.06 | 0.13 | 0.23 | 60 | Diversified Portfolio | WMBLX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.04 | 0.14 | 0.45 | 67 | Diversified Portfolio | WMBLX vs MHELX | |
| WesMark West Virginia Municipal Bond Fund | 0.27 | 0.23 | 0.18 | 66 | Municipal Bonds | WMBLX vs WMKMX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.42 | 0.57 | 0.61 | 91 | Diversified Portfolio | WMBLX vs FIQDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.43 | 0.57 | 0.61 | 86 | Diversified Portfolio | WMBLX vs FCSRX |
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