Looking to diversify beyond WMLIX? The mutual funds below have historically moved differently from WMLIX, 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 WMLIX
2 mutual funds have low correlation with WMLIX (below 0.3), 0 of which are negatively correlated. The least correlated is Wilmington Municipal Bond Fund (WTAIX) (Municipal Bonds) with a 1Y correlation of 0.18, roughly unchanged from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Wilmington Municipal Bond Fund | 0.18 | 0.14 | 0.12 | 56 | Municipal Bonds | WMLIX vs WTAIX | |
| Wilmington Real Asset Fund | 0.20 | 0.40 | 0.49 | 90 | Global Allocation | WMLIX vs WMRIX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.35 | 0.16 | 0.14 | 97 | Large Cap Blend Equities | WMLIX vs SVPFX | |
| Federated Hermes MDT All Cap Core Fund Class R6 | 0.46 | 0.62 | 0.80 | 50 | Large Cap Blend Equities | WMLIX vs QKACX | |
| Federated Hermes MDT All Cap Core Fund | 0.46 | 0.62 | 0.80 | 53 | Large Cap Blend Equities | WMLIX vs QIACX |
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