Looking to diversify beyond WMKGX? The mutual funds below have historically moved differently from WMKGX, 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 WMKGX
1 mutual funds have low correlation with WMKGX (below 0.3), 0 of which are negatively correlated. The least correlated is WesMark West Virginia Municipal Bond Fund (WMKMX) (Municipal Bonds) with a 1Y correlation of 0.25, up from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WesMark West Virginia Municipal Bond Fund | 0.25 | 0.14 | 0.12 | 57 | Municipal Bonds | WMKGX vs WMKMX | |
| American Growth Fund Series One | 0.71 | 0.79 | 0.84 | 56 | Large Cap Growth Equities | WMKGX vs AMRGX | |
| ICON Equity Fund | 0.73 | 0.73 | 0.79 | 80 | Large Cap Growth Equities | WMKGX vs IOLZX | |
| Davis New York Venture Fund Class Y | 0.74 | 0.80 | 0.83 | 90 | Large Cap Growth Equities | WMKGX vs DNVYX | |
| WesMark Small Company Fund | 0.74 | 0.76 | 0.82 | 63 | Small Cap Growth Equities | WMKGX vs WMKSX |
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