Looking to diversify beyond WMFAX? The mutual funds below have the lowest correlation with WMFAX — 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 WMFAX.
Best Diversifiers for WMFAX
13 mutual funds have low correlation with WMFAX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Municipal Real Return Portfolio (DMREX) (Municipal Bonds) with a 1Y correlation of 0.04, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Municipal Real Return Portfolio | 0.04 | 0.20 | 0.22 | 95 | Municipal Bonds | WMFAX vs DMREX | |
| Allspring Diversified Capital Builder Fund | 0.15 | 0.12 | 0.12 | 97 | Diversified Portfolio | WMFAX vs EKBAX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.16 | 0.20 | 0.20 | 98 | Municipal Bonds | WMFAX vs TFCYX | |
| DFA Short Term Municipal Bond Portfolio | 0.16 | 0.26 | 0.36 | 99 | Municipal Bonds | WMFAX vs DFSMX | |
| Federated Hermes Conservative Municipal Microshort... | 0.17 | 0.18 | 0.14 | 98 | Municipal Bonds | WMFAX vs FHMIX |
See all 23 diversifiers for WMFAX
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