Looking to diversify beyond WMKMX? The mutual funds below have historically moved differently from WMKMX, 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 WMKMX
13 mutual funds have low correlation with WMKMX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of 0.01, down from 0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | 0.01 | 0.17 | 0.23 | 89 | Municipal Bonds | WMKMX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.02 | 0.19 | 0.24 | 92 | Municipal Bonds | WMKMX vs DMREX | |
| abrdn Ultra Short Municipal Income Fund | 0.16 | 0.22 | 0.22 | 100 | Municipal Bonds | WMKMX vs ATOIX | |
| JPMorgan Ultra-Short Municipal Fund | 0.22 | 0.33 | 0.39 | 98 | Municipal Bonds | WMKMX vs USMSX | |
| WesMark Small Company Fund | 0.22 | 0.12 | 0.10 | 64 | Small Cap Growth Equities | WMKMX vs WMKSX |
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