Looking to diversify beyond WMKSX? The mutual funds below have the lowest correlation with WMKSX — 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 WMKSX.
Best Diversifiers for WMKSX
2 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 0.13, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WesMark West Virginia Municipal Bond Fund | 0.13 | 0.11 | 0.09 | 60 | Municipal Bonds | WMKSX vs WMKMX | |
| Federated Hermes MDT Small Cap Growth Fund | 0.20 | 0.60 | 0.75 | 66 | Small Cap Growth Equities | WMKSX vs QISGX | |
| Aegis Value Fund | 0.41 | 0.50 | 0.56 | 94 | Small Cap Value Equities | WMKSX vs AVALX | |
| WesMark Large Company Fund | 0.75 | 0.76 | 0.82 | 74 | Large Cap Growth Equities | WMKSX vs WMKGX | |
| Invesco Discovery Fund Class R6 | 0.75 | 0.85 | 0.88 | 78 | Small Cap Growth Equities | WMKSX vs ODIIX |
See all 45 diversifiers for WMKSX
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