Looking to diversify beyond WMKTX? The mutual funds below have historically moved differently from WMKTX, 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 WMKTX
1 mutual funds have low correlation with WMKTX (below 0.3), 1 of which are negatively correlated. The least correlated is BlackRock Tactical Opportunities Fund Institutional Class (PBAIX) (Tactical Allocation) with a 1Y correlation of -0.02, down from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund Institutiona... | -0.02 | 0.21 | 0.14 | 85 | Tactical Allocation | WMKTX vs PBAIX | |
| WesMark West Virginia Municipal Bond Fund | 0.32 | 0.25 | 0.23 | 57 | Municipal Bonds | WMKTX vs WMKMX | |
| AQR Diversifying Strategies Fund Class N | 0.44 | 0.35 | 0.15 | 92 | Tactical Allocation | WMKTX vs QDSNX | |
| Quantified Evolution Plus Fund | 0.53 | 0.59 | 0.44 | 84 | Tactical Allocation | WMKTX vs QEVOX | |
| Potomac Defensive Bull Fund | 0.61 | 0.55 | 0.51 | 84 | Tactical Allocation | WMKTX vs CRDBX |
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