Looking to diversify beyond WMGAX? The mutual funds below have the lowest correlation with WMGAX — 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 WMGAX.
Best Diversifiers for WMGAX
6 mutual funds have low correlation with WMGAX (below 0.3), 0 of which are negatively correlated. The least correlated is Delaware Tax-Free Idaho Fund (VIDAX) (Municipal Bonds) with a 1Y correlation of 0.16, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Delaware Tax-Free Idaho Fund | 0.16 | 0.15 | 0.14 | 76 | Municipal Bonds | WMGAX vs VIDAX | |
| Delaware Tax-Free Colorado Fund | 0.17 | 0.15 | 0.13 | 76 | Municipal Bonds | WMGAX vs VCTFX | |
| Delaware Tax-Free Oregon Fund | 0.17 | 0.14 | 0.13 | 69 | Municipal Bonds | WMGAX vs FTORX | |
| Delaware Tax-Free New York Fund | 0.18 | 0.14 | 0.12 | 61 | Municipal Bonds | WMGAX vs FTNYX | |
| Delaware Tax-Free California Fund | 0.18 | 0.16 | 0.14 | 53 | Municipal Bonds | WMGAX vs DVTAX |
See all 30 diversifiers for WMGAX
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