Looking to diversify beyond WMKSX? The mutual funds below have historically moved differently from WMKSX, 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 WMKSX
1 mutual funds have low correlation with WMKSX (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 0.22, up from 0.10 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 | 0.22 | 0.12 | 0.10 | 57 | Municipal Bonds | WMKSX vs WMKMX | |
| Federated Hermes MDT Small Cap Growth Fund Class A | 0.33 | 0.60 | 0.74 | 68 | Small Cap Growth Equities | WMKSX vs QASGX | |
| Federated Hermes MDT Small Cap Growth Fund | 0.33 | 0.60 | 0.74 | 71 | Small Cap Growth Equities | WMKSX vs QISGX | |
| Aegis Value Fund Class I | 0.42 | 0.48 | 0.54 | 94 | Small Cap Value Equities | WMKSX vs AVALX | |
| Invesco Discovery Fund Class R6 | 0.73 | 0.84 | 0.87 | 64 | Small Cap Growth Equities | WMKSX vs ODIIX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements WMKSX
Add WMKSX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with WMKSX