Looking to diversify beyond WMICX? The mutual funds below have historically moved differently from WMICX, 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 WMICX
0 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 0.37, down from 0.77 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes MDT Small Cap Growth Fund | 0.37 | 0.61 | 0.77 | 71 | Small Cap Growth Equities | WMICX vs QISGX | |
| Aegis Value Fund Class I | 0.41 | 0.45 | 0.48 | 94 | Small Cap Value Equities | WMICX vs AVALX | |
| Fidelity Select Semiconductors Portfolio | 0.53 | 0.58 | 0.66 | 80 | Semiconductors, Technology Equities | WMICX vs FSELX | |
| Wasatch Global Value Fund Investor Class Shares | 0.55 | 0.52 | 0.56 | 97 | Global Equities | WMICX vs FMIEX | |
| Vanguard Wellesley Income Fund Investor Shares | 0.60 | 0.60 | 0.58 | 69 | Diversified Portfolio | WMICX vs VWINX |
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