Looking to diversify beyond WMICX? The mutual funds below have the lowest correlation with WMICX — 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 WMICX.
Best Diversifiers for WMICX
1 mutual funds have low correlation with WMICX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes MDT Small Cap Growth Fund (QISGX) (Small Cap Growth Equities) with a 1Y correlation of 0.29, down from 0.77 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes MDT Small Cap Growth Fund | 0.29 | 0.62 | 0.77 | 72 | Small Cap Growth Equities | WMICX vs QISGX | |
| Aegis Value Fund | 0.43 | 0.47 | 0.49 | 87 | Small Cap Value Equities | WMICX vs AVALX | |
| Wasatch Emerging Markets Small Cap Fund | 0.48 | 0.50 | 0.54 | 62 | Emerging Markets Diversified | WMICX vs WAEMX | |
| Fidelity Select Semiconductors Portfolio | 0.52 | 0.59 | 0.67 | 96 | Semiconductors, Technology Equities | WMICX vs FSELX | |
| Wasatch Global Value Fund Investor Class Shares | 0.60 | 0.52 | 0.57 | 86 | Global Equities | WMICX vs FMIEX |
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