Looking to diversify beyond WMFFX? The mutual funds below have historically moved differently from WMFFX, 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 WMFFX
4 mutual funds have low correlation with WMFFX (below 0.3), 2 of which are negatively correlated. The least correlated is Fidelity SAI Inflation-Focused (FIFGX) (Commodities) with a 1Y correlation of -0.20, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity SAI Inflation-Focused | -0.20 | 0.00 | 0.16 | 78 | Commodities | WMFFX vs FIFGX | |
| PIMCO CommoditiesPLUS Strategy Fund | -0.12 | 0.02 | 0.16 | 70 | Commodities | WMFFX vs PCLIX | |
| GQG Partners US Quality Dividend Income Fund | 0.10 | 0.51 | 0.66 | 58 | Quality Factor, Large Cap Value Equities | WMFFX vs GQHPX | |
| Voya Corporate Leaders Trust Fund | 0.11 | 0.41 | 0.60 | 94 | Large Cap Value Equities | WMFFX vs LEXCX | |
| Federated Hermes Strategic Value Dividend Fund | 0.35 | 0.45 | 0.61 | 95 | Large Cap Value Equities | WMFFX vs SVAIX |
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